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.
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.