Brambles' Successful Fiscal Year 2024

Brambles (ASX:BXB) held its 2024 Annual General Meeting on October 24, 2024. The company reported strong sales growth and a significant increase in free cash flow for fiscal year 2024. Brambles also announced a 30% increase in total dividends. Key strategic achievements in its transformation program were also outlined, focusing on business fundamentals and sustainability.

Brambles' Strategic Focus and FY25 Outlook

Brambles' announcement at the 2024 AGM highlighted a successful fiscal year driven by strategic transformation and financial performance. Key achievements included strong sales growth, improved free cash flow, and increased dividends. The company's transformation program focused on reducing capital intensity and enhancing digital capabilities. Brambles' sustainability efforts were noted with high recognition. Looking forward, Brambles anticipates sales revenue growth of 4-6% and Underlying Profit growth of 8-11% in FY25, with an expected Free Cash Flow before dividends between USD 750-850 million. The company remains committed to reinvestment in growth initiatives and maintaining a strong balance sheet.

Executive Insights from Brambles AGM 2024

Brambles achieved strong sales revenue growth and increased its free cash flow by USD 385 million before dividends. The company declared a 30% increase in total dividends, amounting to 34.00 US cents per share or 51.99 Australian cents per share. Basic earnings per share from continuing operations rose by 17% on a constant-currency basis. The company's Return on Capital Invested (ROCI) stood at just over 20%. Brambles continued its sustainability efforts, focusing on reducing carbon emissions and improving gender diversity. The company has been recognized for its sustainability achievements, ranking #4 in TIME Magazine's list of the World's Most Sustainable Companies.