Post Holdings reported a lower net loss for the year, lifted by higher operating earnings and the lapping of one-time costs.
The US group sai its net loss for the 12 months to 30 September fell to $167.3m, compared to a loss of $426.9m in the prior year, when the group registered higher goodwill charges.
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Total segment profit increased to $421.4m, up from $212.2m last year. The group’s operating performance was boosted by an improved performance across its consumer brands, private brands and Michael Foods units. Active nutrition, however, saw an increase in losses which rose to $13.8m from $1.8m.
Sales at the company were also up, rising to $1.26bn from $963.1m in fiscal 2014.
Looking to next year, Post management said it expects adjusted EBITDA to be between $780m and $820m. Capital expenditures for fiscal 2016 are expected to be $145-155m, including approximately $20 m related to “growth activities” and approximately $20m related to integration activities.
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