 Bellamy's 2017 Annual Report upgraded its financial outlook for 2018 to forecast revenue growth of between 15% and 20%, with EBITDA margin growth of 17% to 20% (excluding its newly acquired Camperdown Powder plant).At Bellamy's annual general meeting on 26 October 2017, chief executive Andrew Cohen advised shareholders that the company's turnaround strategy was on track and that sales had stabilised and were gaining momentum.In July 2014, Bellamy's parent company - Bellamy's Australia (formerly Tasmanian Pure Foods) - sold 25 million new shares and 10.9 million existing shares to raise nearly $36 million, in what was described by the Australian Financial Review as "one of the best-performing initial public offers of the year".