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Breville Group Limited announced 1H FY2023 results; EBIT grew 7.6%

Feb 14, 2023

Breville Group Limited (ASX: BRG) announced its 1H FY2023 results for the period ended 31 December 2022.

  • Revenue for 1HFY23 was AU$888.0 million, up from AU$878.7 million in 1HFY22.
  • The gross margin which was 34.1% in 1H FY2022 increased to 35.1% in 1HFY2023.
  • EBITDA grew by 13.1% to AU$141 million compared to the previous corresponding period.
  • EBIT grew 7.6% to AU$121.1 million in 1HFY22 from AU$112.5 million.
  • BRG announced an interim dividend of AU 15.0 cents per share.
  • Unused debt facilities of ~AU$200 million as well as cash ~AU$115 million remain in place to support further expansion opportunities.

 

 

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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

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