Watch FIFA World Cup 2026™

LIVE, FREE and EXCLUSIVE

Breville cooks up profit, shares jump

Appliance giant Breville's shares have soared on the back of a full year profit rise of 8.7 per cent to $58.5 million.

Shares in Breville have jumped more than 12 per cent after the appliance maker announced its full-year profit rose 8.7 per cent to $58.5 million.

Total revenue for the 12 months to June 30 was up 7.7 per cent, to $652.3 million.

The company's North American business was its star performer - growing 16.3 per cent on a constant currency basis to $303.6 million - in part due to the extension of its partnership with Nespresso in the region.

The agreement, which is already in place in Australia, allows Breville to sell co-branded Nespresso coffee machines.

Australia and New Zealand revenue grew 9.1 per cent to $123.9 million, despite the "somewhat challenged retail environment".

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Breville, which counts Solomon Lew's Premier Investments as a key investor, plans to enter Belgium, Germany the Netherlands and Luxembourg in the 2018/19 financial year, as well as launch a new pizza oven in the USA during the holiday period.

The company declared a partially-franked final dividend of 16.5 cents per share, up 1.5 cents from a year earlier.

At 1530 AEST, Breville's shares were up $1.45, or 12.46 per cent, to $13.09.

BREVILLE COOKS UP FY PROFIT:

* Net profit up 8.7pct to $58.5m

* Revenue up 7.7pct to $652.3m

* Final dividend up 1.5 cents to 16.5 cents, partially franked


2 min read

Published

Source: AAP



Share this with family and friends


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world