Breville Group Ltd Reports Earnings Results for the First Half Ended December 31, 2012; Provides Earnings Guidance for the Year 2013
February 19, 2013
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Breville Group Ltd. reported earnings results for the first half ended December 31, 2012. For the period, the company reported revenue of AUD 264.4 million against AUD 233.6 million a year ago. EBITDA was AUD 49.7 million against AUD 45.2 million a year ago. EBIT was AUD 46.1 million against AUD 41.8 million a year ago. NPAT was AUD 31.7 million or 24.4 cents per basic share against AUD 29.4 million or 22.6 cents per basic share a year ago. Return on equity was 24.8% against 22.7% a year ago. This earnings growth was driven by the Group's international businesses supported by a solid performance in Australia. NPAT and EPS grew at a slightly lower rate than EBITDA as a result of a higher effective tax rate flowing from the changing geographical split of the Group's earnings.
Growth in EBITDA for the full 2013 financial year is currently expected to be in the range of 4-8%. (EBITDA for the full 2012 financial year was AUD 72.5 million).
Breville Group Limited is an Australia-based company engaged in designing, developing and marketing small electrical kitchen appliances across the globe. The Company operates through two segments: Global Product segment and Distribution segment. The Global Product segment sells products designed and developed by the Company that may be sold directly or through third parties or by other group-owned brands. The Distribution segment sells products that are designed and developed by a third party and are distributed pursuant to a license or distribution agreement or are sourced directly from manufacturers. Products in this business unit may be sold under Breville and Kambrook brands or through third-party brands, such as Nespresso. Its products include espresso machines, Nespresso machines, drip coffee machines, coffee grinders, juicers, blenders, ovens and air fryers, pizza ovens, microwaves, bread makers, toasters, grills and sandwich makers, and waffle makers.
BREVILLE GROUP LIMITED 
