Brambles Limited has announced sales revenue of US $4.34 billion for the nine month period concluding 31 March 2013. This marks an increase of four percent from the previous period, and a six percent gain in constant currency, demonstrating the continued strength of the company’s Pooling Solutions operations.
“Our sales revenue performance in our pooling businesses reflects new business growth in the pallets segment, the expansion of our reusable plastic crates (RPCs) operations and the acquisition of Pallecon in the containers segment, states Tom Gorman, Brambles Chief Executive Officer. “Although the continuation of the severe Northern Hemisphere winter into March and delayed conversion of some growers in North America has tempered the strength of volume growth in RPCs relative to our expectations, we remain confident that full-year sales revenue growth in RPCs will be at least 10 percent.”
“In Recall, our information management business, solid growth in annuity-style document retention volumes, new business wins and price increases have been insufficient to offset a continued reduction in customer retrieval and destruction activity in Europe and North America, and the first-half impact of lower paper prices.
“Despite the challenges in RPCs and Recall, we continue to expect Underlying Profit for the 2013 financial year within the guidance range we provided in February 2013 of US$1,030 million to US$1,060 million at 30 June 2012 foreign exchange rates and subject to unforeseen circumstances.”