2303 GMT - Drinks packaging company Orora wants more savings from its Saverglass business. Jefferies worries it could be painful. Orora aims to boost annual Ebit by 6 million euros from job cuts in Saverglass. Analyst Brook Campbell-Crawford says this is material at face value, equivalent to 8% of divisional Ebit. There's been several rounds of cost-cutting in Saverglass since it was bought by Orora two years ago. "We think it is fair to assume some second-order implications on growth as a result of persistent cost-out," says Barrenjoey. Orora believes Saverglass's Ebit can return to 100 million euros. That was its earnings when acquired. "But that is still 27% above where we are today and could be difficult to achieve against an industry backdrop of price moderation and overcapacity," Barrenjoey says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 12, 2026 18:03 ET (23:03 GMT)
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