Brambles held its 2024 Annual General Meeting in Sydney today, where Chairman, John Mullen, and CEO, Graham Chipchase, outlined our FY24 performance and offered an update on strategy, which continues to enjoy strong shareholder support. John took the opportunity to thank Scott Perkins who now retires from the Brambles Board after nine years of service, and acknowledge the contributions of George El-Zoghbi, who stepped down in December 2023. He also welcomed our newly appointed Non-Executive Directors, Cameron McIntyre and Tony Palmer, ahead of their commencement in November 2024. Webcast: https://okt.to/naTp9X
Brambles
Transportation, Logistics, Supply Chain and Storage
Sydney, NSW 48,726 followers
About us
Under the CHEP brand Brambles helps move more goods to more people, in more places than any other organisation on earth. Its pallets, crates and containers form the invisible backbone of the global supply chain and the world’s biggest brands trust Brambles to help them transport their goods more efficiently, sustainably and safely. As pioneers of the sharing economy, Brambles created one of the world's most sustainable logistics businesses through the share and reuse of its platforms under a model known as ‘pooling’. Brambles primarily serves the fast-moving consumer goods (e.g. dry food, grocery, and health and personal care), fresh produce, beverage, retail and general manufacturing industries. The Group employs more than 12,000 people and owns approximately 360 million pallets, crates and containers through a network of more than 750 service centres. Brambles operates in approximately 60 countries with its largest operations in North America and Western Europe. For further information, please visit brambles.com
- Website
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http://www.brambles.com
External link for Brambles
- Industry
- Transportation, Logistics, Supply Chain and Storage
- Company size
- 10,001+ employees
- Headquarters
- Sydney, NSW
- Type
- Public Company
- Specialties
- Global leader in pallet, crate & container pooling services, Supply chain partner, Sustainable supply chain solutions, Circular economy, Share and reuse, and Digital supply chain
Locations
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Primary
Level 10, Angel Place
123 Pitt Street
Sydney, NSW 2000, AU
Employees at Brambles
Updates
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In our first-quarter trading update for FY25, Brambles reported sales revenue growth of +3% at constant currency and reconfirmed full year guidance for FY25: • Sales revenue growth of between 4-6% at constant FX • Underlying Profit growth of between 8-11% at constant FX • Positive Free Cash Flow before dividends of between US$750-850 million Read more: https://lnkd.in/gUZB5ZQr
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Nature takes centre stage this week as Australia hosts the inaugural Global Nature Positive Summit 2024. Now in full swing, the summit is bringing together businesses, NGOs, policymakers, experts and Indigenous peoples to drive collective action towards investing in nature, halting biodiversity loss and repairing environmental harm. Brambles recognises the critical role nature plays in our own business and has taken steps towards understanding its dependencies and impacts on nature through early adoption of Taskforce on Nature-related Financial Disclosures (TNFD) recommendations. Today, we are proud to have lent our voice to the global chorus advocating for nature, which aligns with our ambition to advance regenerative supply networks. #GlobalNaturePositiveSummit #Sustainability #NaturePositive #CircularEconomy
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Brambles is pleased to release the 2024 Sustainability Review, demonstrating the tangible progress made against our ambitious sustainability targets and the advancement towards our overarching regenerative vision. The review highlights our achievements across core initiatives and reflects our determination to keep raising the benchmark on sustainability. As we look ahead to FY25 and beyond, we will continue to develop innovative solutions, deliver value to customers and create connections to build resilient and regenerative supply networks for the future. Read the media release: https://okt.to/cqSgoI Read the 2024 Sustainability Review: https://okt.to/NBMtRa #CircularEconomy #RegenerativeSupplyChains #SustainabilityReview
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Brambles today released its FY24 result, reporting another year of strong performance that delivered profit and cash flow ahead of guidance. Our strong financial position, combined with structural improvements in cash flow generation, has supported today’s announcement of capital management initiatives, including an on-market share buy-back in FY25 of up to US$500m. These achievements reflect the progress of our transformation programme, which has strengthened our business fundamentals, offering stability through cyclical changes and resilience in an evolving operating landscape. Read more: https://okt.to/7aqfsk
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DataIQ Awards are coming up again and we are proud to have been shortlisted in these three categories in 2024: - Best Place to Work in Data - Transformation with Data and AI - Best Diversity, Equity, and Inclusion (DEI) Initiative The range of categories we have been recognised in reflects the value enabled by the digital team through collaboration across the entire business in the past 12 months. “We’re now three years into our digitally-enabled transformation, and it’s gratifying to see our hard work being consistently recognised. Just as importantly, I’m proud to be part of a team that is driving real transformative impact on global supply chains, removing inefficiencies from both our customers’ and our own operations.” – David Monks, Head of Data & Analytics. Check out the full list of nominations here: https://okt.to/pDbOVy #DataIQAwards #DigitalTransformation
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We’re delighted to stand at #4 among TIME's list of World’s Most Sustainable Companies for 2024. In its inaugural year, Statista assessed some 5,000 companies around the world based on more than 20 key performance indicators. The top 500 companies are awarded for their transparency and commitment to sustainability goals and initiatives. It's an honour to have our sustainability performance recognised and, together with CHEP, we’re proud to find ourselves among such esteemed company. See the full list: https://okt.to/P0YXv7 #TimeMagazine #RegenerativeSupplyChains #CircularEconomy #sustainability
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𝗚𝗿𝗮𝗵𝗮𝗺 𝗖𝗵𝗶𝗽𝗰𝗵𝗮𝘀𝗲 𝗮𝘄𝗮𝗿𝗱𝗲𝗱 𝗖𝗕𝗘 𝗶𝗻 𝗞𝗶𝗻𝗴’𝘀 𝗕𝗶𝗿𝘁𝗵𝗱𝗮𝘆 𝗵𝗼𝗻𝗼𝘂𝗿𝘀 We are deeply proud to share the news that Brambles CEO, Graham Chipchase, has been made a Commander of the Order of the British Empire (CBE) in the King’s Birthday honours list for services to sustainable business. Recipients of the award are recognised for highly distinguished contributions in their field, or achievement and service to the community at a leading regional or prominent national level. As CEO of Brambles, a pioneer of the circular economy, Graham leads one of the world’s most sustainable companies with impact across global supply chains through its CHEP business. Under his leadership, the company has earned globally recognised sustainability credentials, including being named the second most sustainable corporation in the world by Corporate Knights and as an inaugural recipient of (then) HRH Prince Charles’ Terra Carta Seal. In addition to setting its own industry-leading 2025 sustainability goals, Brambles is focused on bringing regeneration to supply chains through collaborations with customers and partners. Graham has a long history of championing sustainability in business. During his tenure as CEO of Rexam, he led the business to significantly improve its sustainability performance and reduce carbon intensity while lifting safety and operational efficiency. Graham was also a non-executive director of Astra Zeneca through the COVID-19 pandemic. Outside of business, Graham is a mentor to emerging business leaders. Congratulations to Graham on behalf of the Brambles and CHEP teams.
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We’re delighted to have been awarded Best ESG Reporting at the Australasian Investor Relations Association (AIRA) 2024 Awards, marking the fourth consecutive year that Brambles has held this title. When it comes to sustainability, maintaining the confidence of stakeholders has never been more important, so we’re particularly proud to be recognised by the investment community for the transparency of our sustainability reporting and ESG disclosures. Well done to the #BXB Sustainability team and our Investor Relations crew on this recognition of your year ‘round efforts. Our sincere thanks to AIRA for hosting yet another successful annual conference and awards night! #AIRA2024 #RegenerativeSupplyChains #InvestorRelations #Sustainability #ESGreporting
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In our third quarter update for FY24, Brambles reported sales revenue from continuing operations of US$4,872.3 million for the first nine months, representing an increase of 7% at constant currency on the prior corresponding period. Today we also reconfirmed full year guidance for FY24: • Sales revenue growth of between 6-8% at constant currency • Underlying Profit growth of between 13-15% at constant currency • Positive Free Cash Flow before dividends of between US$700-800 million • Dividend payout ratio to be consistent with the dividend payout policy of 45-60% of Underlying Profit after finance costs and tax in US dollar terms and fully funded through Free Cash Flow Read more: https://okt.to/852Zpe