Morningstar | Breville's Ongoing European Expansion Will Drive Earnings Growth for Years to Come
Breville Group is a leading Australian developer and distributor of small kitchen appliances. In recent years, the company has undertaken numerous strategic initiatives, which have led to rapid growth in return on capital and have boosted margins and profits. This included transforming its business focus towards product development, rather than direct sourcing, to support its leading market positions in Australia, and taking advantage of opportunities internationally. Performance in North America has been stellar, but since manufacturing was transferred offshore, earnings growth is now reliant on expanding the product range into new markets. The company is looking to replicate its strategy in the U.K. under the Sage brand, which is endorsed by chef Heston Blumenthal, and launched its first range of Sage-branded products in May 2013. However, replicating the success achieved in North America will be challenging.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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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