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…

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A group of business people in a board room hear the latest company report

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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:

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:

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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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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