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Brambles rises on strong growth in Americas unit despite global turmoil

Higher prices and volume growth from its operations in the Americas, combined with new contract wins in Europe have propelled logistics giant Brambles to a strong first quarter.

The ASX-listed business released a trading update on Thursday which revealed a 5 per cent jump in sales revenue to $US1.16 billion ($1.72 billion) for the quarter on a constant currency basis.

Brambles has won new contracts in Europe and reported a strong quarterly update.

Brambles has won new contracts in Europe and reported a strong quarterly update.Credit:Reuters

The company’s Americas division, which includes the United States, Canada and Latin America was again a financial engine room. In the Americas, sales revenue rose 7 per cent to $US602 million on a constant currency basis.

“Our first-quarter sales performance reflects pricing discipline and ongoing volume momentum despite increasing macroeconomic uncertainty in our major markets,” said Brambles chief executive Graham Chipchase.

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