Brambles (ASX:BXB) sees 9% sales revenue growth in Q3 FY24

Brambles recorded a 9% rise in sales revenue, totalling US$4.9 billion ($7.60 billion) for the first nine months of FY24.

Despite a 1% decrease in group volumes due to inventory optimisation, mainly in North America and Europe, consistent sales revenue growth of 7% at constant foreign exchange rates was maintained.

The transport and logistics group reaffirmed its FY24 guidance, anticipating 6% to 8% sales revenue growth at constant currency and positive cash flow before dividends of US$700 million ($1.09 billion) to US$800 million ($1.24 billion).