Jefferies trims PT, earnings view for Australia's Orora on French unit weakness

ORORA

04/06/2026 22:10

** Jefferies cut price target for glass bottles maker Orora ORA.AX to A$1.34/share from A$1.69
** ORA remains in a tough position with persistent cyclical pressures and structural uncertainty impacting outlook for Saverglass - Jefferies
**  Jefferies expects FY27 revenues to fall 4% year-on-year for Saverglass, ORA's French unit
** Brokerage sits 24% below the street at EBIT for Saverglass in FY27, which is 50% lower than pre-acq EBIT on a constant currency basis
** Jefferies revises EBIT estimate for ORA lower by 10% and 16% in FY27and FY28, respectively, reflecting persistently weak Saverglass condition
** In early April ORA trimmed its annual earnings forecast for Saverglass and paused its buyback programme, citing impacts from Iran war 
** Two of 12 analysts rate the stock "buy", nine "hold" and one "sell"; their median PT is A$1.75 – LSEG data
** YTD stock down 43.2%, as of last close


 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))