BUZZ-Australia's Breville Group falls as FY earnings growth forecast below consensus

Reuters
02-11
BUZZ-Australia's Breville Group falls as FY earnings growth forecast below consensus

Updates

** Shares of Australian home appliances maker Breville Group BRG.AX down 0.8% at A$37.42

** Stock hits lowest level since January 15

** BRG's forecast for FY25 EBIT growth of 5% to 10% may be slightly underwhelming (or conservative), given Visible Alpha consensus implies 12% growth taking into account the slightly stronger first half, Citi says

** Breville's H1 FY25 net profit after tax of A$97.5 million ($61.23 million) is 1% above Visible Alpha consensus of A$96.6 million - Citi

** Brokerage says interim dividend of 18 Australian cents per share in line with the consensus

** Six of 14 analysts rate the stock "buy", six "hold" and two "sell"; median PT is A$33.09 - data compiled by LSEG

** Shares up 6.6% this year, as of last close

($1 = 1.5924 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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