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Asia

Orora Chief Safety, Sustainability, Governance Officer to Step Down at End of Year

Orora (ASX:ORA) said Ann Stubbings plans to step down as chief safety, sustainability, and governance officer, effective Dec. 31, after more than 13 years with the packaging products firm, according to a Monday filing with the Australian bourse.In addition, Susannah Jobling Hodgens will be appointed as chief legal officer, the company said. Hodgens has worked with Orora for 13 years in senior legal and governance roles, most recently as general counsel and alternate company secretary.Orora shares gained nearly 1% in recent Monday trade.

ASX:ORA
Asia

Orora Delivered 'Uninspiring' Fiscal 2026 Results Amid Operational Headwinds at Saverglass Division, Jefferies Says

Orora (ASX:ORA) delivered an "uninspiring set of results" for fiscal 2026 amid ongoing operational headwinds at its Saverglass bottle manufacturing division, Jefferies said in a Thursday note.The company's fiscal 2027 guidance for a decline in earnings per share, combined with further glass industry-led downside risks, will keep investors sidelined until sustained evidence of stabilization becomes evident, the investment firm said.It lowered its earnings before interest and taxes forecasts for Orora by 5% in fiscal 2027 and by 3% in fiscal 2028, reflecting weak conditions driven by negative global pricing/mix headwinds. The EPS forecasts for Orora were downgraded by 15% and 18% for fiscal 2027 and fiscal 2028, respectively.The company's stock is trading cheaply, but a lack of near-term conviction remains on any spirits volume recovery, with weak industry data posing ongoing risks, Jefferies said.The equity research firm maintained a hold rating on Orora with an unchanged price target of AU$1.32, saying it prefers "other industrials with clearer volume and earnings inflection."

ASX:ORA
Asia

Orora Underlying Earnings Flat; Revenue Up

Orora (ASX:ORA) logged AU$0.114 earnings per share before significant items in fiscal 2026, the same as the previous year, a Thursday filing showed.For the 12 months ended June 30, sales revenue was AU$2.23 billion versus AU$2.09 billion previously, the Australia-listed manufacturer added.The company's board declared a final dividend of AU$0.04 per share, down from AU$0.05 a year earlier, payable Oct. 6 to shareholders of record as of Aug. 31.The company expects fiscal 2027 earnings before interest, taxes, and depreciation (EBIT) to be lower than in fiscal 2026, impacted by higher depreciation and amortization and lower Saverglass unit EBIT.

ASX:ORA
Asia

Orora's Fiscal 2027, Fiscal 2028 Core Earnings Per Share Forecasts Reduced, Jarden Says

Orora's (ASX:ORA) core earnings per share forecasts were cut by 6% for fiscal year 2027, and by 7% for fiscal year 2028, Jarden said in a Tuesday note.Its April trading update highlighted operating risks from the Middle East and softer demand.Recent customer results show a dynamic of soft but improving volume performance, particularly for the global alcoholic beverage manufacturers in segments such as tequila and vodka, which Saverglass services.However, seasonal demand swings to lower-margin products such as champagne and wine, as well as uncertain demand, have created a headwind to Saverglass earnings of 11 million euros to 16 million euros through the second half of fiscal year 2026, as guided by Orora.The investment firm retained a neutral rating on Orora with a price target of AU$1.80 per share.

ASX:ORA
Asia

Orora Earnings Under Pressure From Weak Spirits Market, Says Jefferies

Orora (ASX:ORA) is facing tough conditions in the spirits market with persistent cyclical pressures and structural uncertainty weighing on its French business, Saverglass, Jefferies said in a note on Thursday.The investment firm cut its EPS forecast for fiscal 2027 and 2028 by 9% and 16%, respectively, citing weaker pricing due to de-premiumization and softer volumes in North America amid continued weakness in demand for spirits.Jefferies does not expect the pricing pressure and negative mix impacts to stabilize until the second half of fiscal 2027. It also expects Saverglass revenue to decline by 4% in 2027.The glass maker is also reeling with residual cash impacts in light of the Middle East conflict, as its Ras Al Khaimah facility remains offline. While hedges against energy prices are set to roll off in the second half of 2027, which could lead to higher costs."We see better value elsewhere," analysts at Jefferies said.The brokerage maintained a hold rating and lowered its price target to AU$1.34 from AU$1.69.

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