Breville Stock Price Hits a 12.11% increase

This morning, Breville Group Limited [ASX: BRG] enjoyed a substantial increase in their stock price, following the release of their financial results ending 30 June 2018.

Breville Group Limited is an Australian company based in Sydney, selling electrical consumer products and home goods. They’re known for their high-end kitchen appliances — toasters, kettles, coffee makers, juicers, microwaves and blenders.

The stock sits at $13.05 a share at time of writing, an increase of $1.41.

The results are in…

The results show another successful year for the company, being one of Australia’s best retailers. The Group’s North American business is currently the star performer, as it grew revenues by 16.3% on a constant currency basis to $303.6 million. Australia and New Zealand’s growing revenue was captured at 9.1%.

Their results in comparison to the previous year are as follows:

Net profit of $58.5 million, up 8.7%.

Revenue of $652.3 million, up 7.7%.

EBIT at $86.9 million, up 10%.

Earnings per share at 45 cents, up 8.7%.

Dividend per share at 30 cents (60% franked).

Final dividend of 16.5 cents per share.

Return on equity at 21.6%.

Cash in hand of $58 million.

What’s next for Breville?

It was announced early this morning that the Group had appointed Peter Cowan as their new independent non-executive director, effective from 1 September 2018.

It was also announced earlier this month that the group would receive another chief financial officer, effective from 10 September 2018. Martin Nicholas will replace Michelle Waters, the acting interim CFO, who will return to her role as general manager of finance.

It’s a positive flow of results for Breville — a business that ticks a lot of boxes, such as balance sheet strength, dividends, and growth.

Time will tell whether their good fortune will hold.


Ryan Clarkson-Ledward,
For Money Morning

PS: Our Aussie finance expert Sam Volkering reveals the four Aussie stocks he believes could be top performers in 2018. Get your free report now: ‘The Four Best ASX Stocks for 2018’.

Ryan Clarkson-Ledward is one of Money Morning’s analysts. Ryan holds degrees in both communication and international business. He helps bring Money Morning readers the latest market updates, both locally and abroad. Ryan tackles all the issues investors need to know about that the mainstream media neglects. Ryan’s primary focus is assisting Sam Volkering with background research and insight for readers by dissecting the latest events affecting the world. Working closely with Sam, they explore the latest in small-cap and technology stocks as well as cryptocurrency opportunities. You can find Ryan’s contributing research, developments, and supporting information across several e-letters, including:

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