Breville's Ongoing European Expansion Will Drive Earnings Growth for Years to Come
Narrow-moat-rated Breville is off to a flying start in fiscal 2019, reporting an interim net profit of AUD 44 million, up 20% on the previous corresponding period, or pcp. The comparable period was impacted by a tax adjustment, which if excluded would’ve seen NPAT increase by 15%, a strong result, nonetheless. The board declared an interim dividend of AUD 18.5 cents per share (60% franked), up 12% on the pcp. Management guided to EBIT growth of slightly higher than 11% during fiscal 2019, assumi...Breville Group is engaged in the design, development, marketing and distribution of small electrical appliances. In Australia and New Zealand, Co. principally trades under its owned brands, Breville and Kambrook and also distributes a range of Philips products in the personal care and garment care categories under a license agreement with Philips. In North America, Co. distributes Breville branded products through several channels. In the U.K., the marketing and distribution of Co.'s designed products to retailers is under its owned brand, Sage.
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