First Impression: Orora-ORA- FY16 Result

Bell Potter

Stockbroker

Segment EBIT: Australasia up 10.4% to $200.4m, EBIT margin up from 9.4% in FY15 to 10.2% in FY16 (Fibre earnings were higher than pcp driven by cost reduction and innovation benefits from the B9 Recycled Paper Mill (“B9”) and improved volumes in Fibre Packaging). Beverage earnings increased driven by increased sales volumes and improved operating efficiency. North America up 20.2% to US$72m ( or 38.1% to $98.9m in AUD terms), EBIT margin up from 4.9% in FY15 to 5.2% in FY1 6 (Orora Packaging Solutions delivered improved EBIT through continuing to deliver on its organic sales growth strategy). B9 delivered incremental cost reduction and innovation benefits of $18.4m over pcp, taking the cumulative benefits delivered to $21.4m which was slightly ahead of guidance. The program remains on track.


1 stock mentioned

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.