Orora Group (ORA) Trading update summary

FY26 EBIT guidance update

• FY26 underlying EBIT for Saverglass is now forecast at €63m–€68m, down from previous guidance of €79.2m, excluding direct Middle East conflict impacts.

• FY26 reported EBIT is expected at €52m–€59m, reflecting both direct and indirect impacts from the Middle East conflict.

Direct operational impacts

• Ras al Khaimah facility in UAE shifted to closed-loop 'hot' operation due to shipping and overland route closures.

• 2H26 EBIT impact from RAK facility is estimated at €9m–€11m, to be disclosed as a significant item.

• Production for North American premium wines will shift to Mexico, with moulds transported to the Acatlán facility.

Indirect impacts and sales mix

• Indirect EBIT impact of €11m–€16m in 2H26 due to lower volumes and negative mix shift toward wine and champagne.

• Wine & champagne sales mix expected to rise to 60% in 2H26, up 8ppt from prior period.

• Softer customer offtake and increased competition have led to higher Saverglass-owned inventory at March 2026.