AUGUST 2020
and Brambles expects to meet its original FY21 implementation targets, including the completion of site upgrades delayed during FY20, assuming no further travel restrictions due to Covid-19.
Commenting on the FY20 result Brambles’ CEO, Graham Chipchase, said: “Our purpose as a company is to connect people with life’s essentials every day and this has never been more important than now. I am extremely proud of the critical role our people have played in keeping supply chains open. They have overcome significant challenges to provide customers with an uninterrupted supply of pallets, crates and containers to ensure the flow of essential goods to consumers around the world.
“Our FY20 result is testament to the efforts of our people, the agility of our network and the resilience of our businesses which serve customers in the consumer-staples sectors. Not-withstanding the operational and financial challenges associated with Covid-19, sales revenue and Underlying Profit growth were in line with guidance. In addition, we delivered on our commitment to increase US margins by one percentage point in the year while also improving asset efficiency and cost recoverability in Latin America.”
Chipchase also emphasized the company’s sustainability achievements, including 100% sustainably sourced lumber and 30% female representation in leadership positions at the Board and management level.
"Our FY20 result is testament to the efforts of our people, the agility of our network and the resilience of our businesses which serve customers in the consumer-staples sectors"
Graham Chipchase