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ORA Orora News Story

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Australia's Orora caps early gains; Jefferies flags weaker NPAT outlook

Updates

** Orora ORA.AX pares early 9.5% rise to trade up 4% at A$2.195 by post-noon in Sydney

** Stock at current levels is at its highest since mid-February and ranks among the top gainers on the benchmark ASX200 index .AXJO

** Packaging solutions firm logs 18% y/y jump in FY25 attributable NPAT

** Co expects higher FY26 EBIT in cans segment

** Jefferies says the Divisional guidance for FY26 points to Group Earnings before interest and taxes ~3% ahead of the VA Consensus

** However, flags, higher interest costs result in the Net Profit after tax (NPAT) outlook being weaker than street expectations

** Market may welcome Saverglass unit's commentary, but this is offset by NPAT downgrades and persistent weakness in scanner data and peers' results - Jefferies

** Declares final dividend of 5 Au cents/share

** YTD, Stock is down 10.8%

 (Reporting by Shruti Agarwal and Kumar Tanishk in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))

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