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A Look Into Brambles Limited’s Sales Revenue Growth

Jordan Baird

Jordan Baird is the head ASR Wealth Advisers client services desk and has been with the organisation since 2017. He first started investing in his early years. While he believes that investors should leave no stone unturned he has a particular interest in trading based on broad macroeconomic trends along with specific analysis of innovative up-and-coming companies.

Brambles Limited (ASX: BXB) is an industrial logistics company that provides end-to-end supply chain solutions to its customers. More specifically, Brambles provides pallets, containers and crates while utilising their share and reuse circular model to limit environmental burden and offer customers with a sustainable, safe and efficient means to transfer supplies.

Brambles - Sales Revenue Growth

Announcement

Brambles’ most recent announcement was made today, updating investors of the company's first-quarter trading outcome. The announcement reports that Brambles has had sales revenue growth of 5% under a constant foreign currency exchange rate. With foreign exchange fluctuations accounting for 2% growth in sales revenue. A segment report was supplied in the announcement, highlighting a 7% sales revenue increase in the US and Latin America region due to the rollover benefits from contracts won the previous year. A 4% sales revenue increase in Europe, Middle East & Africa from new business wins in European pallets. A 2% sales revenue increase in Asia-Pacific despite a contract loss in Australia.

In this announcement, Brambles CEO Graham addressed the impacts from the new accounting standards for leases, macroeconomic uncertainties in major markets and the cost increases in US pallets. Although, Graham expects that their underlying profit to be in line or slightly above their reported sales revenue growth indicated by their strong sales performance in the American region, disciplined pricing, volume momentum and new European business growth.

As of 12:59 PM AEST 10/10/19, Brambles Limited had a share price of A$11.44; this represents a 6.69% decrease in share prices over the last six months. Although, since the beginning of the year, (YTD) the current share price represents a 10.32% increase. With their recent announcement of positive global revenue growth, Brambles will continue to be a trusted company by the world’s biggest brands.

 


 

Disclaimer:

This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978)

(“ASR”). ASR is part of Amalgamated Australian Investment Group Limited (AAIG) (ABN: 81 140 208 288 Level 13, 130 Pitt Street, Sydney NSW 2000).

This article is provided for informational purpose only and does not purport to contain all matters relevant to any particular investment or financial instrument. Any market commentary in this communication is not intended to constitute “research” as defined by applicable regulations. Whilst information published on or accessed via this website is believed to be reliable, as far as permitted by law we make no representations as to its ongoing availability, accuracy or completeness. Any quotes or prices used herein are current at the time of preparation. This document and its contents are proprietary information and products of our firm and may not be reproduced or otherwise disseminated in whole or in part without our written consent unless required to by judicial or administrative proceeding. The ultimate decision to proceed with any transaction rests solely with you. We are not acting as your advisor in relation to any information contained herein. Any projections are estimates only and may not be realised in the future.

ASR has no position in any of the stocks mentioned.

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