April 22 (Reuters) - New Zealand's a2 Milk Co Ltd ATM.NZ said on Wednesday it expected a higher full-year core earnings margin, following strong demand for its products in key markets and lower-than-expected costs.
The dairy producer forecast full-year 2020 earnings before interest, tax, depreciation and amortization (EBITDA) margin between 31% and 32%, from the previous range of 29% to 30% it had forecast in February.
The company in a statement added that despite uncertainty posed by the coronavirus outbreak, it expects annual revenue in the range of NZ$1.70 billion to NZ$1.75 billion.