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Breville Group Reports Increased R&D Investment Delivering Results
May 18th, 2020
Breville Group has been one of the outstanding performers on the ASX over the past year, with the value of its shares having approximately doubled in the past 12 months;
Breville Group has a design and R&D headquarters in Sydney, with manufacturing, distribution, and sales facilities around the world.
In a cautiously optimistic trading update announced this week, Breville Group has reported that:
Total annual R&D Investment has increased 97% between FY15 and FY19;
The R&D Team headcount has increased from 60 to 140 employees between FY15 and FY19;
A strong product development pipeline has driven the acceleration of revenue growth;
Breville also noted that given an average 3 to the 4-year development cycle, it is important to maintain R&D Investment. This assertion supports the previous statements from companies such as CSL, Cochlear, and Dulux Group calling for the stability of R&D Tax Incentives to allow companies to confidently make investment decisions aligned with long-term product development cycles.
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News & Research
News & Research
News & Research30 April Statutory Deadline for FY23 R&D Claims – One Week to Go
There is one week to go until the deadline for FY23 R&D Registrations. Companies seeking to register R&D Activities conducted during the Year Ended 30 June 2023 (companies that have a Standard YE for tax) who are yet to do […]
The matter concerns an individual charged by the Commonwealth DPP for attempting to unlawfully obtain a refund under the R&D Tax Incentive. Before being charged, the taxpayer was compulsorily examined by the ATO. The individual had applied to stay the […]
