BUZZ-Australia's Brambles falls after posting flat Q1 volumes

Reuters
2024-10-24

** Shares of Brambles fall as much as 4.2% to A$17.80, hitting their lowest level since Aug 30

** Stock set for worst trading session since early August

** Pallet maker says Q1 volumes were flat due to lower-than-expected like-for-like volumes

** "While our sales revenue performance in the first quarter was slightly below the full-year guidance range, we expect ongoing price realisation and improved volume growth through the balance of the year" — CEO Graham Chipchase

** However, co reconfirms FY25 outlook, including underlying profit growth of between 8%-11%

(Reporting by Shivangi Lahiri and Sneha Kumar in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

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