Australia's Orora tumbles on flagging war impact, pausing share buyback

Orora

09/04/2026 01:52

** Shares of Orora ORA.AX fall as much as 16.2% to A$1.655, post their biggest intraday pct loss since mid-August 2019

** Glass bottles maker cuts earnings forecast for Saverglass business, says production paused in Ras al Khaimah facility in UAE

** Saverglass is a glass business co acquired in 2023

** Orora pauses on-market share buyback announced in February, co intended to buy back up to 10% of issued shares, representing nearly A$270 million ($189.95 million)

** Shares hit lowest level since April 7, 2025

** YTD, ORA down 24.4%

($1 = 1.4215 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))