Aussie bottles maker Orora drops on 'soft' volumes in Europe

Orora

16/10/2024 01:07

** Shares of Australia's Orora  ORA.AX  fall as much as 3.5%
to A$2.52
    ** Stock set for weakest trading session since Aug 21 and
hits lowest since mid September
    ** Glass bottles and cans maker says softness in volumes at
its European operations is persisting
    ** Says customers like spirits makers are cutting back on
inventory levels
    ** Stock has risen 0.4% YTD, as of last close 

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com))