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Orora Limited (ASX:ORA)

ALERT: Price-sensitive ASX Announcement for ORA
Current share price for ORA : $1.395 -0.58 (-29.37%)+
Release
9 Apr 2026 9:01AM
Price at Release
$1.975
Full Release
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Summary
Orora Limited has provided a trading update for FY26, reflecting the impacts of the Middle East conflict on its Saverglass operations. The company anticipates a reduction in Saverglass's underlying EBIT to €63m-€68m and reported EBIT to €52m-€59m due to both direct and indirect effects of the conflict. Direct impacts include operational disruptions at the Ras al Khaimah facility, leading to a 2H26 EBIT impact. Indirect impacts involve lower volumes and a negative product mix shift. While no changes are expected for Cans or Gawler, the Ras al Khaimah facility has shifted to a closed-loop operation, with production moving to Mexico. Orora maintains a strong balance sheet with leverage expected to remain low.
Key Points
  • Orora updated its FY26 EBIT forecast for Saverglass due to the Middle East conflict.
  • FY26 underlying EBIT for Saverglass is now expected to be €63m to €68m.
  • FY26 reported EBIT for Saverglass is expected to be €52m-€59m.
  • Direct impact from the conflict affected the Ras al Khaimah facility with a 2H26 EBIT impact of €9m-€11m.
  • Indirect impacts include lower volumes and a negative mix shift leading to a 2H26 EBIT impact of €11m-€16m.
  • No change to guidance for Cans or Gawler for FY26.
  • The Ras al Khaimah facility shifted to a closed-loop ‘hot’ operation due to disrupted shipping routes.
  • Production shifted to Mexico in response to the conflict.
  • EBIT impact from transitioning the RAK facility is estimated at €9m-€11m.
  • Higher Saverglass-owned inventory due to softer customer offtake post-conflict.
  • Orora's balance sheet remains strong with leverage forecast to remain below 1.5x by June 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.