Breville has delivered a 28.8% increase in revenue for the half year to 31 December 2020, supported by people working from home, which in turn has accelerated the trend towards premiumisation.
All regions delivered double-digit growth with solid gains across all categories including beverage, cooking and food preparation. The Europe, Middle East and Africa (EMEA) region led the charge with revenue up 56.1%, followed by Asia Pacific (49.7%) and Americas (29.1%).
Breville president for Asia Pacific, Mark O’Kelly said: “I am again very pleased with the ANZ results for the first half of FY21. The team have worked extremely hard to achieve this excellent outcome, working collaboratively with all of our retailer partners.”
Strong growth in APAC was attributed to retail staying largely accessible to consumers throughout the period, coupled with nimble supply chain management to match demand.
The distribution segment delivered an incremental $2 million in EBIT with double-digit sales growth in ‘Breville Local’ including the Breville Air range and single digit growth in Kambrook and Nespresso.
Group EBIT was up 29.6% to $94.6 million and net profit after tax (NPAT) increased 29.2% to $64.2 million.