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Brambles boss says company is ‘resilient’, despite global uncertainty

The company will pay a 30 per cent franked interim dividend of 13.38 cents on April 9, down from 14.5 cents in the prior corresponding period.

“Despite a range of challenges, we delivered sales and earnings growth across all our segments and materially improved group cash flow generation in the first half,” Mr Chipchase said.

“Our operating environment in the first-half was characterised by increasing macroeconomic uncertainty and ongoing political instability, particularly evident in major European markets,” he said.

Brambles said labour and property inflation in the US continued to increase, but on the other side of the coin US transport and labour inflation continued to moderate.

“In this context, our first-half sales performance reflects the resilient nature of our business as we continue to expand with new and existing customers despite price realisation to recover higher costs in most markets,” Mr Chipchase said.

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