Bellamy's Australia Limited announced update its guidance given to the market on 25 August 2017 as part of its 2017 financial results as follows: Early results in fiscal 2018 have been positive and consequently Bellamy's is upgrading its fiscal 2018 guidance for its core business (excluding Camperdown) to a target of 15%-20% revenue growth (from 5%-10%); and 17%-20% EBITDA margin (from 15%-20); Bellamy's continues to expect first half 2018 revenue to be higher than second half 2018 revenue for the reasons noted in its announcement on 25 August 2017 including the impact of seasonality and a delay in CFDA registration resulting in all `Chinese label' sales occurring in first half 2018. This guidance excludes the Company's Camperdown business which, as previously communicated to the market, is forecast to generate an EBITDA loss of $1 million to $2 million and is subject to contingent liabilities including the class actions and any amortisation of intangible assets arising as part of the Camperdown acquisition. While Bellamy's sees positive momentum in its core business, there are still challenges to navigate (including CFDA registration) as it implements its turnaround plan. Bellamy's will continue to update the market in relation to the above guidance in accordance with its continuous guidance obligations.