In the first three months of this financial year, Brambles
(ASX:BXB) reported a 5% rise in sales revenue. On a constant currency basis, this is a 7% increase.
The company says this was due to solid growth with new and existing customers in Pallets Europe, Middle East & Africa, and strong conversions with existing customers.
For the 2017 financial year, the company is expecting constant-currency sales revenue growth between 7 and 9%, and underlying profit to grow between 9 and 11%.
Brambles says that its Pallets segment had a somewhat subdued first-quarter performance, but expects there will be stronger sales revenue growth in the second half of this financial year.
Brambles posted a net profit of $791.4 million at 30 June 2016.