Breville Group has reported record revenue of A$1.41 billion during a strong financial year that saw the Aussie kitchenware company expand into new territories.

Revenue was up 19.4 per cent on FY21, while Breville’s EBITDA increased 14.4 per cent to $186.8 million.

Net profit after tax jumped to $105.7 million, up 16.2 per cent. Gross margins fell to 34.3 per cent, from 34.8 per cent in FY21.

Throughout the year, Breville expanded into Norway, Denmark, Sweden, Finland, South Korean, and Poland, as well as acquiring Italian-based premium coffee machine makers LELIT, for $168.4 million.

Over half its business is now done in the Americas.

“Having doubled the size of the business in the last four years, the strength of our geographic portfolio came through in FY22 as the Americas accelerated in the 2H to pick up the slack in Europe,” explains Breville Group CEO, Jim Clayton.

“We managed margins well, demonstrating the pricing power of our brand and our premium products. The investment in growth drivers continued, while demonstrating the ability to align expenses with revenue, within the envelope of guidance.”

The company declared a final dividend of 15c per share, fully franked, up from the 13.5c declared in FY21.

Breville shares have risen 94.47 per cent over the last five years, but are down 33.7 per cent this year.

Shares closed yesterday at $21.47.