Orora Full Year 2023 Earnings: Misses Expectations

Orora (ASX:ORA) Full Year 2023 Results

Key Financial Results

• Revenue: AU$4.29b (up 4.9% from FY 2022).
• Net income: AU$184.8m (down 1.2% from FY 2022).
• Profit margin: 4.3% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: AU$0.24.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Orora Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 5.3%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Global Packaging industry.

Performance of the market in Australia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Orora.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.