Offshore Growth and Improving Distribution Segment Drive Breville’s Strong Fiscal 2018 Performance
Narrow-moat-rated Breville delivered a strong fiscal 2018 result with underlying net profit up 9% to AUD 59 million, broadly in line with our expectations. Performance varied between segments, as the core global product segment (85% of group earnings) increased EBIT by just 1%, whereas the distribution segment, which distributes third-party designed products, increased EBIT by over 100%, albeit off a relatively small base. The board declared a final dividend of AUD 16.5 cents per share, taking t...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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