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Brambles Provides FY 2022 Third Quarter Trading Update

21 Apr 2022  |  08:35:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY22 Third Quarter Trading Update

Brambles reported sales revenue from continuing operations of US$4,067.0m for the first nine months of the financial year ending 30 June 2022 (FY 2022), representing an increase of 7% at actual FX rates on the pcp. At constant FX rates, growth of 8% reflected ongoing strong price realisation to recover cost-to-serve increases in all regions, including sustained high levels of input cost inflation and increased capital cost of pallets. The on-market share buy-back programme is expected to complete in FY 2022 with A$120m of the A$2.4bn on-market buy-back remaining to be completed.

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