SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EARNINGS ARTICLE H impact

BUZZ — Australia's Orora hits 3 — month low on weak FY27 EBIT outlook; Jefferies flags risks

(Updates share moves, adds Jefferies comments) * Shares of Australia's Orora Limited fall as much as 5.8% to A$1.31, hitting their lowest level since July 8 * Stock posts its biggest intraday pct loss since August 13 * The packaging company expects FY27 EBIT to be lower than FY26 levels * Company says ongoing US tariff impact and accelerated effects of the Middle East conflict hurt pricing and product mix at its Saverglass business in the second half of FY26 * Jefferies says stock is cheap but flags continued lack of near-term conviction on any spirits volume recovery with weak industry data posing ongoing risks * The brokerage sees elevated FY27 earnings risks amid weak industry trends driven by softer consumer and Middle East conflict impact, and will stay on the sidelines until there are clearer signs of a alcohol inflection * YTD, stock down ~40%, including the session's moves (Reporting by Paridhi Minda and Anjali Singh in Bengaluru) ((mailto:Paridhi.minda@thomsonreuters.com;)

ORA.AX

com;)