2332 GMT - Expectations for Orora's share price are relatively low, so it was positive that the drinks container company reiterated annual earnings guidance this week, Macquarie says. Still, Orora did signal a slightly bigger 2H skew for earnings from its Saverglass business. "Industry data points to ongoing challenging demand conditions in spirits/wine markets (e.g., cost of living pressures) which is likely to be echoed by subdued upcoming global spirit company reporting," Macquarie says. It keeps an outperform call on Orora. That reflects a forecast improvement in free cash flow as Orora's capex commitments reduce. Orora is also yet to acquire up to 49.5 million shares as part of its share buyback program. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 15, 2025 19:32 ET (23:32 GMT)
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