Orica's interim report had been preceded with growing anticipation and the actual release did not disappoint. Management's strategy to focus on "value-add" and premium product is clearly paying off and analysts were left scrambling to raise their forecasts. The Asia Pacific region was a standout. Latin America underwhelmed. Management has not experienced any signs of slowing growth from a weaker macro backdrop. Guidance is for FY25 EBIT growth of circa 20% with management pointing to multiple drivers supporting ongoing growth into FY26. Five brokers, five Buy ratings.
https://fnarena.com/index.php/reporting_season/
ORI Price at posting:
$18.44 Sentiment: Buy Disclosure: Held
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