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 during this week, Breville Group has reported that:

  • Total annual R&D Investment has increased 97% between FY15 and FY19;
  • 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 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 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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