ASX:BXB
Brambles Ltd
Investment Summary
The fund managers believe that Brambles Ltd is demonstrating strong performance, having upgraded both revenue and profit guidance for the full year. In their opinion, the company's ability to achieve continued price realisation has effectively countered the impacts of the inflationary environment and evolving customer behaviours driven by supply chain uncertainty. They note that the successful asset efficiency trials are contributing positively, further enhancing the investment outlook. Additionally, with positive projections for free cash flow improvement over the next 12-18 months, the fund managers are confident in maintaining a favorable stance on their investment in Brambles.
Commentary From The Managers
Cooper Investors
31 Mar 2023
$13.43
- Brambles (BXB) delivered a strong first half result
- Upgraded both revenue and profit guidance for the full year
- Continued price realisation compensated for inflationary environment
- Changes in customer behaviours linked to broader supply chain uncertainty
- Positive results from asset efficiency trials
- Line of sight to improvement in free cash flow over the next 12-18 months
- Supports Cooper Investors' continued investment proposition
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.