20 WESTERN PALLET
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“With automation, we are making our service center sustainable and at the same time strengthening the region,” explains Wim Hermans, CHEP Country Manager Austria. “For several years, we have noted an increasing interest in our wide range of pallets offered in the pooling model. Even in peak economic times, we can now
ensure constant pallet availability – while maintaining consistently high quality. Most of our customers benefit from this high level of flexibility.”
The new automated service center started operations in September 2018.
Brambles enjoys constant-currency sales revenue growth of 7% from continuing operations
Brambles Limited has reported sales revenue from continuing operations of US$3.4 billion for the first nine months of the fiscal year ending 30 June 2019 (FY19), up 7% on the prior corresponding period at constant foreign exchange (FX) rates. Actual FX growth of 2% is below constant FX growth due to a stronger US dollar (Brambles’ reporting currency) relative to all other major operating currencies in the period.
Constant FX growth from continuing operations of 7% comprised volume growth of 5% and price realization of 2%:
– CHEP Americas sales revenue up 6% driven by strong price realization and ongoing expansion with new and existing customers in the US, Canadian and Latin American pallet businesses;
– CHEP EMEA sales revenue up 8% driven by net new business wins and price realization across the region. Like-for-like volume growth was modest in the European pallet and automotive businesses; and
– CHEP Asia-Pacific sales revenue up 4% driven by solid like-for-like volume growth and price realization in the Australian pallets business.
Commenting on the year-to-date sales performance from continuing operations, Brambles’ CEO Graham Chipchase said: “Volume momentum was strong across