Brief: Orora Cuts FY26 Underlying EBIT Forecast For Saverglass To €63M-€68M

Orora

09/04/2026 24:06

April 9 (Reuters) - Orora Ltd ORA.AX:

CUTS FY26 UNDERLYING EBIT FORECAST FOR SAVERGLASS TO €63M-€68M

EXPECTS FY26 REPORTED EBIT FOR SAVERGLASS AT €52M-€59M

TO SHIFT RAK PRODUCTION TO MEXICO'S ACATLÁN FACILITY FROM LATE FY26

PAUSES ON-MARKET BUYBACK ANNOUNCED AT 1H26 RESULTS

REDUCTION IN REPORTED FY26 SAVERGLASS FORECAST EBIT REFLECTS BOTH DIRECT AND INDIRECT IMPACTS OF MIDDLE EAST CONFLICT

POST MIDDLE EAST CONFLICT, SEEN COMBINATION OF SLOWER OFFTAKE IN SPIRITS, AND MIX SHIFT TOWARD LOWER PRICE AND MARGIN SPIRITS PRODUCTS

POST MIDDLE EAST CONFLICT, SEES TOTAL SALES VOLUMES IN 2H26 AND FY26 TO BE HIGHER THAN PCP BUT LOWER THAN PREVIOUSLY ANTICIPATED

DUE TO DECISION TO SHIFT RAK TO A CLOSED‑LOOP MODE, ONE-OFF IMPACT TO 2H26 EBIT IS EUR 9- EUR 11M

MIDDLE EAST CONFLICT INCREASED COMPETITIVE PRESSURE/SOFTER CUSTOMER OFFTAKE, LED TO HIGHER SAVERGLASS‑OWNED INVENTORY AT MARCH

Further company coverage: ORA.AX

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