Company News Summary | 17 Aug 2021

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Breville Group Provides Result for Year Ended 30 June 2021

08:21:00 | Associate analysts

Original annuncemenet:Year Ended 30 June 2021 - Report Announcement

Breville Group reported record sales of $1.2bn with another year of growth on prior year. Operating leverage reinvested into the medium-term growth drivers of R&D, Marketing and IT with total investment increasing by $49m or 43%. Core overheads were well contained. Full year dividend is of 26.5 cps (100% franked) reflects the previously announced revised target payout ratio of 40% to enhance internal funding of growth opportunities. The Global Product segment EBIT for the year was $111.1m.

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