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Orora Boosts EBIT 24.6% with Strategic Sales and Capacity Expansions
8:34am on Thursday 13th of February, 2025 AEDT
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Orora Boosts EBIT 24.6% with Strategic Sales and Capacity Expansions
8:34am on Thursday 13th of February, 2025 AEDT
Key Points
Underlying EBIT up 24.6% to $120.8 million
Sale of OPS and Closures streamlines portfolio, generating ~$1.7 billion net proceeds
Gawler furnace closure and $84 million restructuring provision due to declining Australian wine market
Australasian Cans segment shows 6.4% EBIT growth with capacity expansions underway
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