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Breville Group Provides Investor Presentation for Half Year Ended 31 December 2020

16 Feb 2021  |  08:29:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: null

Breville Group provided investor presentation for Half Year Ended 31 December 2020. It reported EBIT growth rate accelerated to +29.6%. Distribution segment revenue growth 7.9 % is driven by double-digit growth in Breville Local offset by lower growth in Kambrook & Nespresso. EBIT margin marginally expanded to 13.3%; EBIT$ grew by $21.6m. It noted the balance sheet is not at equilibrium: Inventory and Receivables are temporarily suppressed and, thus, cash flow is temporarily overstated.

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