Brambles FY 2009: Sales Revenue, Free Cash Flow Up

Brambles has released its 2010 Annual Report and Shareholders Review, as well as making available an Investor Information Presentation.

Report Excerpt:

“Brambles’ performance for the 2010 financial year highlighted the Group’s resilience in challenging conditions. Sales revenue was up 3% over the 2009 financial year, while free cash flow after dividends increased strongly. Our operating profit was up 1% and we continue to generate a strong return on capital.

“It has been a year of leadership transition for Brambles. In October 2009, the Board appointed Tom Gorman as CEO after the retirement of Mike Ihlein. The Company has reorganised its leadership team to drive development of profitable growth opportunities and shareholder returns in the years to come. Our two primary businesses, CHEP and Recall, provide a solid foundation on which we can build as they have strong customer bases, market positions, competitive strengths and growth prospects.”

– Graham Kraehe AO, Chairman and Tom Gorman, CEO

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