The ASX reporting wrap-up: Origin Energy, Redbubble, Treasury Wine

Just what the investor ordered. Here's a recap of the companies that reported on Thursday…

Mitchell Lawler

Mitchell stumbled upon the concept of investing when in high school, devotedly urging his parents to put some money into a handful of technology companies with increasingly popular products among his demographic – many of which have gone on to great success. It wouldn’t be until 2017, some five years later, that Mitchell became an investor of his own money. Having studied and worked as a mechanical engineer in the building services industry, Mitchell takes a methodical and analytical approach to evaluating businesses. Rather than relying purely on numbers, Mitchell drills beyond a company’s metaphorical mantle to unearth obscure patterns or competitive advantages that would go otherwise unnoticed. His expertise resides within areas such as software, consumer goods, and building services equipment. However, his quest to find quality companies that set the industry standard and flex some degree of an impenetrable position has no limits – small cap to mega cap, cosmetics to healthcare – if it’s an exceptional business it’s on his radar.

Published August 19, 2021 5:08 pm AEST

It was a wild day of reporting on the ASX today. While we can't fit all of the day's results into a single article, we'll take a look at some of the biggest names.

We'll quickly unpack today's results and then wrap it back up for tomorrow:

A group of business people in a board room hear the latest company report. — Image source: Getty Images

Those that delivered today

Origin Energy Ltd (ASX: ORG)

Shares in Origin Energy fell 4.12% after the energy company reported its FY21 full-year results. A reduction in revenue and a significant loss on the bottom line appear to have caught investors off guard during Thursday's session.

The takeaway points:

Total group revenue down 8% to around $1.2 billion
Around $2 billion of underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) – 35% less than in FY20
Statutory loss of approximately $2.2 billion
Underlying profit of $318 million
Unfranked 7.5 cent final dividend – 2.5 cents less than FY20's final dividend.

Redbubble Ltd (ASX: RBL)

The Redbubble share price swung violently after reporting on the ASX its full-year results for FY21 before the market opened. In early trade, shares in the e-commerce company dropped roughly 14%. However, by the end of the day, the share price was up 18.95%.

The takeaway points:

Gross transaction value up 48% on the prior year to $701 milliion
Marketplace revenue increased to $553 million, up 58%
Earnings before interest, tax, depreciation, and amortisation (EBITDA) of $53 million, up 930% from FY20
Net profit after tax swung from a loss of $9 million in FY20 to a profit of $31 million
Unique customers climbed to 9.5 million, up 40% from prior year.

Treasury Wine Estates Ltd (ASX: TWE)

While Treasury Wine Estates delivered an FY21 result mostly in line with guidance, shares in the winemaker sank 1.5%. Import duties on Australian wine put in place by China took a toll on earnings from the Asia geography. Yet, the company remained positive on growth for key markets outside of China.

The takeaway points:

Net sales revenue down 3% to $2,569.6 million
Earnings before interest, tax, SGARA and material items (EBITS) down 0.4% to $510.3 million
EBITS margin increased 0.6ppts to 19.9%
Net profit after tax up 1.8% to $250 million
Fully franked final dividend up 62.5% to 13 cents per share, bringing full year dividend to 28 cents per share.

ASX shares reporting tomorrow

Tomorrow will be a bit quieter on the ASX for reporting. However, there will still some ASX shares that likely ring a bell.

Some of the big-name companies set to release their financials include Cochlear Ltd (ASX: COH), Sydney Airport Holdings Pty Ltd (ASX: SYD), Adairs Limited (ASX: ADH), and Bravura Solutions Ltd (ASX: BVS).

To see the full line-up check out our ASX Reporting Season Calendar.

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