Market Mover | BXB shares slide by 4% after 9M24 sales revenue update and full-year guidance reconfirmed
On Tuesday, $Brambles Ltd (BXB.AU)$ shares dropped by 4.64% to reach A$14.905. Today, BXB announced the trading update for the first nine months of FY2024 and recomfirmed the full-year guidance.
The sales revenue from continuing operations is $4,872.3 million for the first 9 months of the financial year ending 30 June 2024, this represents a 9% increase at actual FX rates and 7% increase at constant FX rates, compared with the prior corresponding period. The sales revenue performance by segment was as follows:
Source: ASX
About Company
Brambles is the world’s largest supplier of reusable wooden pallets for the fast-moving consumer goods, fresh produce, beverage, retail, and general manufacturing industries. Brambles' services primarily operate under the Chep brand. The operation spans approximately 60 countries with three geographical segments: Chep Americas, Chep EMEA, and Chep Asia-Pacific.
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