First Impression: Brambles-BXB- FY16 result

Bell Potter

Divisional Performance: Pallets : Americas revenue up 4% to US$2428m, EBIT up 3% to $428m; EMEA: Revenue down 3% to US$13431m, EBIT up 3% to $355m; Asia Pacific: Revenue down 7% to $319m, EBIT down 9% to US$65m | Containers revenue down 3% to US$454m (Automotive down 1%, IBCs up 2%, Oil & Gas down 12%, Aerospace up 1%). EBIT down 18% to US$48m | RPCs revenue up 8% to US$992m (Europe up 7%, North America up 4%, Rest of the world up 19%). EBIT steady US$131m.


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