BUZZ-Australia's Breville Group's HY results broadly in line, says Citi

Reuters
11 Feb
BUZZ-Australia's Breville Group's HY results broadly in line, says Citi

** Citi says Breville Group's BRG.AX 1H25 NPAT of A$97.5 million ($61.23 million) was 1% above Visible Alpha consensus of A$96.6 million

** Brokerage says interim dividend of 18 AU cents per share declared by the home appliances maker was in line with VA consensus

** Citi says BRG's forecast for FY25 EBIT growth of 5% to 10% may be slightly underwhelming (or conservative) given VA consensus implies 12% growth taking into account the slightly stronger 1H

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

** Stock 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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