Brambles Reports Continued Sales Growth
September 17, 2012
Brambles Limited today reported sales revenue from Continuing operations of US$3,563.1 million for the nine months ended 31 March 2012, up 33% on the prior corresponding period.
The main drivers of Brambles’ sales growth were: the inclusion of businesses acquired since the priorcorresponding period; expansion in emerging markets in the Pallets segment; expansion with existing and new retailers in the Reusable Plastic Crates (RPCs) segment; and continued improvement in the CHEP USA business.
On a pro forma basis, assuming Brambles had owned businesses acquired since 1 July 2010 for all of the prior corresponding period, sales revenue from Continuing operations was up 7%.
Brambles’ Chief Executive Officer, Tom Gorman, said: “Despite continued subdued underlying organic volumes in our Pallets operations in the USA, Western Europe and Australia, our strategy of expanding our product and service range and geographic footprint is enabling us to continue to deliver sales growth.
“We continue to expect Group Underlying profit3 for the 2012 financial year between US$1,050 million and US$1,080 million, at 30 June 2011 foreign exchange rates, subject to unforeseen circumstances and economic uncertainty, and assuming a 12-month contribution from the Recall information management business.”
On 28 March 2012, Brambles stated it expected to announce an outcome from the divestment process for Recall within four to eight weeks. Brambles’ expectations with respect to this time frame have not changed.