Breville reports 7% rise in revenue

For Australia and New Zealand.

Breville has increased its Group revenue by 15.4% to $440.4 million for the half year ended 31 December, 2018. Net profit after tax (NPAT) was up 19.7% to $43.5 million.

The global product segment revenue grew by 14.8% to $356.1 million, with global product segment revenue up 7.9% for Australia and New Zealand.

In Australia, Breville achieved double-digit growth against a challenging retail market. In New Zealand, the company experienced a softer market and a deliberate transition to a higher margin business model.

Breville group CEO, Jim Clayton (pictured) said, “The first half of FY19 was a solid half for the Group. We continued to deliver double digit EBIT growth while successfully executing our acceleration program, increasing our investment in product development and marketing and successfully entering the German and Austrian markets.”

The company said it should be noted that 1H18 was a strong NPD-led growth half (up 20% in constant currency), whilst 2019 innovation is back half weighted. The first half of FY19 still saw the roll out of the Bambino Express coffee machine, Barista Pro, Creatista Uno and launch of the Pizzaiolo Pizza oven in the USA.

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