Brambles Limited Announces Sales Results of First Three Months of the Financial Year Ending June 30, 2017; Provides Sales Guidance for Financial Year Ending June 30, 2017
October 19, 2016 at 05:32 pm EDT
Brambles Limited reported sales revenue from continuing operations of $1,420.1 million for the first three months of the financial year ending 30 June 2017, representing a 5% increase on the prior corresponding period. Constant-currency sales revenue growth of 7% primarily reflected: solid growth with new and existing customers in Pallets Europe, Middle East & Africa; strong conversions with existing customers and the contribution from acquisitions in RPCs; and modest growth in Pallets Americas.
For the financial year ending 30 June 2017, the company continues to expect constant-currency sales revenue growth from continuing operations of 7%-9% and Underlying Profit of between $1,055 million to $1,075 million at 30 June 2016 exchange rates, which reflects growth of 9%-11%.