Orora Ltd

ORA Details

Orora Group Limited (ASX: ORA) reported strong operating results for the full year ended 30 June 2017 by posting double-digit growth in underlying NPAT, EBIT and EPS growth for the third consecutive year. For FY17, revenue grew 4.9% yoy to $4,039.1 million, and Earnings before interest and tax (EBIT) was up 11.1% yoy to $302.3 million. Net profit after tax (NPAT) grew 14.4% yoy to $186.2 million. Operating cash flow increased to $331.5 million from $313.8 million in FY16. Net debt increased to $674 million from $630 million at 30 June 2016, and leverage stood at 1.6 times, down from 1.7 times at 30 June 2016. The results were driven by the strength and resilience of the Group’s core businesses and augmented by investments made to drive growth, particularly with establishing a national footprint for Orora Visual in the North American point of purchase (POP) and visual communication sector.

Orora Australasia delivered solid earnings and sales growth which more than offset input cost headwinds. Orora North America reported EBIT that was 18.8% higher to $117.5 million, with sales revenue up 7.6% to $2037.5 million, despite economic and market conditions remaining flat. In local currency terms, EBIT increased 23.1% to US$88.6 million and sales revenue grew 11.4% to US$1,536.1 million. Fibre Packaging earnings were higher driven by further cost reduction and innovation benefits and the achievement of sales growth in targeted market segments. The Beverage business earnings growth was driven by higher Glass volumes and improved operating efficiencies across both the Glass and Cans businesses, which more than offset input cost headwinds in the Glass division and marginally lower volumes in Cans.


ORA daily chart; (Source: Thomson Reuters)

Disclaimer
 
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.