Brambles Ltd. - Cash-flow Business mit hohen Eintrittsbarrieren - 500 Beiträge pro Seite

[meinolf67]

Hallo zusammen,

habe seit gut einem Jahr IFCO verfolgt, weil Sie mir immerwieder im deutschen Einzelhandel begegnet sind (REWE, Edeka,...).

Dabei bin ich irgendwann auch auf den Weltmarktführer gestossen:

Brambles


Und die werden seit kurzem in Berlin gelistet, wenn auch noch wenig gehandelt.

Das Geschäft besteht daraus, dass RPC's (Reusable Plastic Containers) für den Einzelhandel zur Warenbereitstellung zur Verfügung gestellt werden.

Wenn Ihr Euch die Gemüseabteilungen anseht, könnt Ihr erkennen, dass es so zusammnekalppbare Kunststoffkisten sind.

die gehören nicht etwa dem Einzelhändler, sondern so spezialisierten Unternehmen wie Brambles oder IFCO.

Das gute ist, dass dieses Business sehr stabil ist oder sogar wächst (das Volumen der Lebensmittel bleibt ungefähr gleich, aber es werden Kunden gewonnen, oder das Modell auf andere Kategorien ausgeweitet) und dass es für Newcomer sehr schwer ist, die große Flächendeckung der Etablierten zu reproduzieren.

Habe mal eine erste Guckorder für Berlin eingestellt und werde mir den GB zu Gemüte führen.

Danach poste ich dann ggf. Weiteres.

[meinolf67]

Why Brambles Carries Potential Whether It Remains Single or Not
By ANDREW HARRISON
September 14, 2007

If the transport industry is poised for growth as global trade soars, then the world's largest maker of container pallets should be ready for smooth sailing.

Takeover speculation, a share-buyback program and a strong outlook for sales growth have already driven shares in Brambles Ltd. to record levels. Investors now say the company needs to show results from three years of European restructuring to drive the stock price higher.

The Sydney-based firm's share price surged 6.4% last month on news that Toll Holdings and Asciano collectively, although not in concert, had bought about 4.6% of Brambles stock, igniting speculation of a takeover bid.

Toll is Australia's largest logistics company, providing freight and warehousing services for everything from bulk minerals to groceries and documents, to transporting auto parts between manufacturers and auto makers.

Asciano operates transport infrastructure, including port terminals in four Australian cities, and the nation's largest rail-freight network.

The Melbourne-based company was spun off from Toll in June to allay competition concerns and free Toll to pursue acquisition opportunities in Asia, Australia and New Zealand.

Toll Managing Director Paul Little said Tuesday he is looking at ways to form a friendly tie-up with Brambles to boost business, fueling speculation the Melbourne-based firm may eventually propose a merger to the much-bigger Brambles.

Almost 90% of Brambles's profit comes from its CHEP unit, which operates in 45 countries, servicing around 280 million pallets and containers from about 440 centers globally. Toll is CHEP's biggest customer in Australia, and Mr. Little has said integrating CHEP into its supply chain could enhance the company's plans to expand its business in Asia, where Brambles is targeting new markets.

"If we are able to convince Brambles shareholders that we could add value, we felt that would present an opportunity to bring together Brambles and Toll in a way that wouldn't necessarily be hostile," Mr. Little said in an interview.

Investors aren't dismissing the possibility of a bid from Toll despite Australia's largest logistics company having a market value of 8.87 billion Australian dollars (US$7.48 billion), compared with Brambles's market capitalization of A$19.6 billion. They also see Toll as the more likely acquirer even though it holds only 0.5% of Brambles, compared with Asciano's 4.1%.

"Toll has a history of growing by acquisition and pretty much all the ones it's made have been successful," said Steven Marsh, a fund manager at Trust Co. Funds Management in Sydney.

Toll is no stranger to hostile takeovers, as shown this past year with its A$6 billion acquisition of Patrick Corp., Australia's largest port operator, and has shown its expertise in bedding down large acquisitions, said Peter Warnes, a fund manager at Sydney's Huntley Investments Co.

However, it may be some time until a proposal, if any, emerges.

"Whether it's alliance, whether it's regional, whether it's global, whether it's friendly, whether it's...a play on the equity level is just a blank sheet of paper right now," said a person familiar with the situation.

While tighter debt markets might give Brambles some breathing space, the company remains an attractive takeover target, investors said. Brambles has a near-monopoly in the high-growth pallet-hire business, is winning market share in the U.S. and expanding into China, and there is room for improvement in some units, said Atul Lele, a fund manager at White Funds Management in Sydney.

"It has a very healthy balance sheet....and highly undergeared and generating significant amount of free cash flow, which means any bidder could gear up the company and service the debt fairly easily," said Mr. Lele, who holds the stock.

"It's nice to be attractive," Brambles Chief Executive Mike Ihlein said in an interview, dismissing talks that Brambles was a possible target.

The presence of Asciano and Toll on Brambles's register should provide a floor of about A$12.50 to A$13.50, said Huntley's Mr. Warnes, who holds the stock. The stock closed up two cents at A$13.83 Thursday.

Also supporting the stock is Brambles's decision to buy back as much as another 10% of its stock after returning US$3.4 billion to investors through dividends and buybacks since the asset sales in 2006, he said.

Mr. Warnes said a bidder would have to offer at least A$15.30 a share for Brambles to succeed, suggesting there could be further upside for the stock if a bid does emerge.

Brambles sold its waste collection and industrial services units last year to focus on driving growth from its CHEP pallet unit and document-management unit Recall, which collects and archives corporate paperwork.

Mr. Ihlein expects new markets, greater penetration into existing markets and new contracts will drive future earnings growth.

Brambles reported a profit on continuing operations of US$932.8 million for fiscal 2007, up 17% from a year earlier, as it has won market share, trimmed costs and increased sales 6% to US$3.87 billion.

"It was an excellent set of results because of all the change the company has been going through," Mr. Ihlein said. "The best thing I can do as a new CEO is to focus on continuing to deliver that operating performance," said Mr. Ihlein, who succeeded David Turner on July 1.

His second objective is to drive double-digit sales growth, which this fiscal year will come from organic growth, a greater penetration into Central and Eastern Europe and from the U.S. beverage industry, Mr. Ihlein said.

"Double-digit sales growth is an aspirational target, but if Brambles can continue the momentum they are talking about in Europe it can get there," said Trust's Mr. Marsh, who holds Brambles, Toll and Asciano stock.

"The key to getting the company going again is getting some traction in Europe because there hasn't been a lot of volume growth because it changed its pricing structure and they are yet to see sales volume growth in Europe," he said.

Brambles is seeking greater penetration in Germany, Poland, Hungry, the Czech Republic and Slovakia, where its penetration was in low-single-digit levels, compared with 30% across Europe and up to 80% in the U.K., Mr. Ihlein said.

Brambles also plans to expand sales into China, India, northern Asia and the Middle East, he said.

Brambles still sees opportunities for further growth in the U.S., its largest market, Mr. Ihlein said.

White Funds' Mr. Lele said Brambles's target was achievable and improvements in Europe should flow through this year.

However, Brambles's growth is linked to global economic growth, particularly in the U.S., where it has a large exposure to consumer retail products, he said.

"The thing to remember is we are predominately in the grocery-supermarket sectors, and they more than most will in times of economic slowdown be more insulated," Mr. Ihlein said.

[meinolf67]

17.10.2007 09:15
Brambles appoints Graham Kraehe deputy chairman

LONDON (Thomson Financial) - Brambles Ltd (Nachrichten) said it has appointed non-executive director, Graham Kraehe, as its new deputy chairman.

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[meinolf67]

YDNEY, Nov 16 (Reuters) -Australia's Brambles Ltd (BXB.AX: Quote, Profile, Research), the world's biggest pallet supplier, forecast strong 2008 profit growth this year, sending its shares over 5 percent higher, and said it had not received any takeover bids.

Brambles confirmed it had held talks with Toll Holdings Ltd (TOL.AX: Quote, Profile, Research) and its ports spin-off Asciano Ltd (AIO.AX: Quote, Profile, Research) but they had not led to takeover offers. Both firms own stakes in Brambles.

"Each of the discussions we have held with them has been general in nature and no offer of any nature has been received from either Toll or Asciano," Chairman Don Argus said in a speech to shareholders on Friday.

Brambles said it expected to deliver strong profit growth in 2008 and like-for-like sales at its CHEP pallet business had risen 6 percent in the four months to the end of October, ahead of the same period a year earlier.

Sales at CHEP Americas rose 9 percent in the period, CHEP Europe sales were up 2 percent and sales for CHEP in the rest of the world rose 8 percent.

Its Recall division recorded sales growth of 9 percent.

Asciano said on Nov. 9 it had no plans to bid for Brambles although sources and media reports have said the firm has been in talks with banks since September on financing a potential A$20 billion bid.

Asciano, which was spun off from Toll in June, holds a 4.09 percent stake in Brambles, while Toll holds a smaller stake.

Brambles in August tipped higher profits and sales this year as it seeks to grow existing operations following a restructure. The firm has sold $3.6 billion worth of businesses in 18 months.

New Chief Executive Mike Ihlein wants the company to grow in the United States, Europe and in new markets. He announced plans in July to restructure its core CHEP pallet business into three geographical units.

Brambles shares were up 4.3 percent at A$12.40 by 0046 GMT, off an earlier peak at A$12.56. Asciano was up a quarter percent at A$8.34 and Toll was up 1.2 percent at A$13.77, in a broader market down 0.65 percent.

[meinolf67]

Australia: Brambles-owned firm wins Woolworths deal

Brambles Ltd logistics company CHEP will supply crates to Australia's biggest retailer, Woolworths Ltd, in a new six-year deal that will double CHEP's so-called "fresh" business. CHEP Asia-Pacific president Howard Wigham said the agreement was the pallet business' biggest to date in the Asia-Pacific region.

"This agreement will set a benchmark in supply chain efficiency, safety and environmental performance, placing leading-edge foldable crates into Australia's fresh produce supply chain, delivering best in class performance for the first time," Mr Wigham said. "It covers the supply, tracking, retrieval and inspection of used crates, and the repairing, washing and relocating of the crates for their next use.

"The reusable, returnable and recyclable crates will carry produce from farm to supermarket shelves." Under the deal, CHEP will supply and manage the delivery of collapsible produce crates to Woolworths vendors, who will in turn pack them with produce for distribution to Woolworths supermarkets in Australia and New Zealand.

Mr Wigham said as part of the undertaking, CHEP would upgrade its crate-washing service centre network with recycling systems that cut water usage and sewer discharge by up to 90 per cent.

[meinolf67]

By Victoria Thieberger

MELBOURNE, Dec 11 (Reuters) - Australia's biggest port and rail operator Asciano Group (AIO.AX: Quote, Profile, Research) outlined plans to offload its rural businesses and expand through acquisitions, boosting its shares that had tumbled 30 percent since listing.

Asciano also ended speculation about a possible A$20 billion ($17.5 billion) takeover bid for logistics firm Brambles Ltd (BXB.AX: Quote, Profile, Research), saying on Tuesday that it no longer sees its 4.09 percent stake as a long-term investment.

Analysts said the restructuring would get rid of underperforming assets and could see a re-rating of the stock now that a costly bid for Brambles had been ruled out.

[meinolf67]

Brambles Limited (BXB) has appointed three new group presidents responsible for CHEP's worldwide operations.

The company said this is consistent with its new strategic direction of accelerated growth unveiled last year. Tom Gorman, currently president of Ford Australia, has been appointed Group President, CHEP EMEA, covering Europe, the Middle East and Africa. He will join Brambles on 1 March 2008.

Kevin Shuba, currently president, CHEP USA, has been appointed Group President, CHEP Americas, covering the USA, Canada and Latin America.

Craig van der Laan, currently Brambles' senior vice president - Legal and Mergers & Acquisitions, has been appointed group president, CHEP Asia-Pacific, covering Australia, New Zealand and Asia, including China.

Brambles said both Mr Shuba and Mr van der Laan would begin their new roles on 1 February 2008.

Each Group President will report to the Chief Executive Officer of Brambles, Mike Ihlein, and will have full operational responsibility for their regions.

Brambles chief executive officer Michael Francis Ihlein said these appointments had been made after exhaustive global searches, involving both internal and external candidates.

"I announced in August that we would implement a new organisation structure for Brambles, following the substantial changes to the Group's composition over the past two years," Mr Ihlein said.

"This new structure will provide the organisational support to deliver our strategy of accelerating profitable growth across our business in both existing and new markets."

CHEP is involved in pallet and container pooling services. CHEP issues, collects, repairs, washes and reissues pallets and plastic containers from a global network of service centres.

Yesterday, Brambles dropped 72c to $10.20.


Egoli Finance

[meinolf67]

Brambles Limited (BXB) announced today that Don Argus has retired as both chairman and a director of Brambles, effective immediately. Deputy chairman Graham Kraehe has replaced Mr Argus who served as chairman for eight years.

Brambles said Mr Kraehe is the current chairman of Bluescope Steel Limited (BSL) and a former long serving chief executive of winemaker Southcorp. He is also on the board of the Reserve Bank of Australia and replaces Mr Argus.

Mr Kraehe said that Mr Argus had made an outstanding contribution to Brambles.

"The board has therefore reluctantly accepted Don's decision to retire due to his other business commitments," Mr Kraehe said.

"Don became chairman of Brambles in September 1999 and has provided strong leadership over the past eight years, through some of the most momentous changes in the company's history."

Mr Kraehe said during the tenure of Mr Argus, Brambles united the ownership of the CHEP business around the globe to create the world's largest pallet pooling operator.

"We successfully faced and overcame a number of challenges which followed and have ensured that the group as a whole is now well placed to capitalise on significant growth opportunities in our businesses, CHEP and Recall," Mr Kraehe said.

Brambles manages 285 million pallets globally through its CHEP business and stores physical and digital information through its Recall business.

Mr Kraehe added that more recently Brambles has simplified its structure and successfully completed both the CEO succession and the implementation of a new management structure to support growth.

Mr Argus said Brambles has a highly talented management team, a growing global footprint and a strong balance sheet.

"Brambles is in a position of operational and financial strength and is extremely well placed for the future," Mr Argus said.

At 1514 AEDT, shares of Brambles had fallen 15c to $10.33.

[meinolf67]

rambles buys US based LeanLogistics
4/03/2008 By: John Winters

Brambles buys US based LeanLogisticsBrambles Limited (BXB) announced that it had agreed to acquire LeanLogistics, a leading provider of technology-based transport and supply chain solutions in the US, for US$45 million cash ($48 million). The company noted that LeanLogistics would operate as a division of its CHEP business.
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CEO Mike Ihlein said the acquisition would enable CHEP to provide a new and value-enhancing service to both existing and new customers.

“CHEP views and tracks millions of pallet movements through more than 21,000 locations across the US every day,” Mr Ihlein said.

“As a result, CHEP has a unique and immediate view of transportation in the US across a wide range of manufacturers, logistics service providers and retailers.

Mr Ihlein added that combining CHEP’s customer and information base with LeanLogistics’ customer network and innovative technology would enable the business to offer a service that reduces transportation costs and optimises supply chain efficiency.

“By helping our customers and carriers to operate more efficiently, the acquisition of LeanLogistics will also strengthen our commitment to delivering environmentally sustainable solutions,” he said.

Group president CHEP Americas Kevin Shuba said the acquisition of LeanLogistics was a very exciting development, as it would enhance CHEP’s customer service offering in the important and growing US market.

”We will now be able to offer customers the ability to optimise transport routes and reduce empty transport miles by using the most efficient transport provider available,” Mr Shuba said.

“This will be possible through the leveraging of CHEP’s extensive database of supply chain movements and the innovative technology of LeanLogistics.”

President and CEO of LeanLogistics Dan Dershem said that joining the CHEP team would enable expansion of its technology to more customers across the US and, in the future, to other countries.

Brambles said that Mr Dershem would continue to manage LeanLogistics, reporting to Kevin Shuba.

At 1022 AEDT, Brambels was down 14c at $10.16.

[meinolf67]

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* April 18, 2008 - 6:08PM
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Brambles boss Mike Ihlein stepped in to quell a $2.5 billion run on his company's stock today, fuelled by concerns that the world's biggest pallet supplier had been dumped by US retail giant Wal-Mart.

Mr Ihlein said there had been a "dramatic over-reaction'' to news that its major US customer, Wal-Mart, was reviewing its pallet arrangements with the logistics firm.

He said that the pallet unit, CHEP, did not generate sales revenue from Wal-Mart.



Shares in Brambles fell as much as 17.7%. The shares closed down 10.27%, or $1.03, at $9.00.

It's the largest fall since Brambles combined its London and Sydney traded shares into a single Australian listing in November 2006.

Earlier, Brambles said "Wal-Mart had indicated that it may contract directly with third party pallet management service providers to retrieve and sort pallets at its own facilities in the United States or provide such services itself.'' CHEP accounts for more than four-fifths of total sales.

"Wal-Mart's their biggest customer and there's a lot of uncertainty about what this means,'' said Rob Patterson of Argo Investments. "It's certainly not a positive development.''

Another analyst said the lack of details from Brambles caused the market reaction.

"Basically, they have used Wal-Mart to grow their business in the past. At the beginning it would have had a significant impact, but with the course of the time that has obviously changed,'' said the analyst, who asked not to be identified.

He said he was still evaluating the impact of any potential loss of business on Brambles' earnings.

Brambles did not give details of the financial impact of any potential loss of Wal-Mart business.

The stock has slumped 26% this year, outpacing the 14% slide on Australia's benchmark S&P/ASX 200 Index.

CHEP, which counts General Motors and Procter & Gamble as customers, owns 280 million re-usable pallets and containers, which it rents to 300,000 companies.

The pallets, which cost between $16 and $28 each to make, are wooden platforms used to move goods on forklifts.

The business evolved from the Australian government's Commonwealth Handling Equipment Pool it purchased in 1958. CHEP oversaw the movement of defence supplies during World War II.

[meinolf67]

Brambles 10 month sales rise 13%
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By a staff reporter, with AAP, Reuters

Global pallet giant Brambles Ltd says its sales in the 10 months to May 2 rose 13 per cent on the previous corresponding period, reflecting growth across all the group's activities.

On a constant currency basis, Brambles said on Monday morning, the increase was six per cent, the company said in a statement to the Australian Securities Exchange.

Brambles also said that since release of its 2008 half year results on February 21, it has bough back 29.2 million shares for a total consideration of $2879.9 million.

The company, with a secondary listing on the London Stock Exchange, said it released the result under a UK listing rule requiring companies to provide an interim management statement by May 19.

Since this is much earlier than it normally would report, the company said the statement did not cover all matters than usually would be covered in a trading update. Brambles said will provide the market with its usual trading update on June 24 this year.

Shares in Brambles slumped to a two-and-a-half year low of $8.25 last month after it said US retailer Wal-Mart Stores Inc was reviewing its use of pallets.

Brambles' CHEP unit offers pallet management services to companies including Wal-Mart. The work involves tracking, retrieval and sorting of the large wooden trays used to carry and store merchandise.

The company earned about 36 per cent of its first-half revenue from its American pallet business.

Brambles said in February revenue grew 13 per cent to $US2.1 billion in the first half, with sales from CHEP Americas up 11 percent, boosted by demand for grocery products from major customers like Procter & Gamble, Kraft Foods and Kellogg.

[meinolf67]

02.06.2008 14:21
Brambles' group president Craig Laan sells 255,000 shares at average $8.18 each

LONDON (Thomson Financial) - Brambles Ltd. (News) said group president Craig Van Der Laan has sold 255,000 shares at an average price of $8.18 each, cutting his stake to 368,167 shares or 0.027 percent of its issued share capital.

[meinolf67]

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Brambles expecting solid profit growth
Tuesday June 24, 2008, 4:56 pm

Pallet supplier Brambles Ltd expects solid earnings growth this year and next as it offsets the effect of high fuel costs and builds a strong pipeline of contract wins.

Brambles said that the effect of high fuel prices on the company had not been as great as expected and new contract wins would be significant contributors to growth in the new financial year.

Shares in Brambles jumped 67 cents, or 8.96 per cent, to $8.15 on Tuesday.

"There has been a great deal of comment on fuel recently and how that might impact Brambles," Brambles chief executive Mike Ihlein said in a trading update.

"Importantly, we have a number of opportunities to mitigate such cost increases and hence the impact is far less than has been suggested by some commentators.

"In the 11 months to the end of May, CHEP's transportation costs as a percentage of revenue were broadly in line with the corresponding period."

CHEP is Brambles' pallet business. Brambles also operates a document management business called Recall.

Mr Ihlein said Brambles was making extensive use of online auctions of its transport requirements, which was helping the company better manage fuel costs.

Brambles was also recovering fuel costs through contractual arrangements with customers, including fuel surcharges in the United States and indexation increases in Europe.

Brambles said sales rose 13 per cent for the 11 months ended May despite a challenging economic environment in many markets.

Sales lifted six per cent in constant currency terms.

The company signed 2,400 new contracts in the US and Europe in the period, equivalent to $US180 million ($A189.25 million) in annualised sales.

Cashflow continued to be strong, notwithstanding significant investment for growth in the US, Europe, China, India and Australia.

The company's balance sheet was in "very good shape", with $US4 billion in credit facilities, of which $US1.4 billion was unused.

No major refinancing was required before 2010.

"Overall, Brambles's underlying profit growth for the full year 2008 - that is before the non-recurring $13 million profit on the sale of the Madrid property in 2007 - is expected to remain solid, reflecting the strength of our business models," Mr Ihlein said.

Growth in new business had been a highlight for the 11 months.

"We have won some very significant new business that will contribute strongly to volume across many parts of our business in 2009," Mr Ihlein said.

"The sales pipeline across both CHEP and Recall is very healthy, and I think it is the best we have seen for some years across all parts of our business."

Brambles said CHEP continued to expand in the US, where sales grew 10 per cent, or eight per cent on a constant currency basis.

Major inroads had been made into food service in the US.

The division extended its business with Tyson Foods, the world's largest processor and marketer of chicken, beef and pork, with Tyson set to become one of CHEP USA's biggest customers.

Brambles signed a deal to expand business with SYSCO, North America's leading marketer and distributor in food service.

CHEP's European sales increased by 12 per cent, or two per cent on a constant currency basis, with strong underlying profit growth.

Sales for CHEP in the rest of the world jumped 18 per cent, or seven per cent constant currency, as the company expanded in China and India.

Recall increased sales by 16 per cent, or seven per cent in constant currency terms, as new customers were brought on board.

Brambles said it was confident that CHEP and Wal-Mart, the world's biggest supermarket chain, would shortly reach an agreement with a positive outcome, after Wal-Mart decided to review its pallet arrangements.

Brambles would make an announcement as soon as talks finished.

[meinolf67]

RNS Number : 6837X
Brambles Limited
27 June 2008




Brambles Limited


Company Number: 118 896 021


27 JUNE 2008


ISSUE OF SHARES PURSUANT TO EXERCISE OF OPTIONS & AWARDS


We wish to advise that 17,152 ordinary shares in Brambles Limited have been issued as a consequence of the exercise of options under the various Brambles Employee Option Plans. Attached is the Form of Application for Official Quotation of Additional Securities.


Robert Gerrard

Company Secretary

[meinolf67]

Brambles Limited

Company Number: 118 896 021


HISTORICAL FINANCIAL DATA
UNDER NEW BRAMBLES ORGANISATION STRUCTURE


Brambles will be reporting its annual results on 20 August 2008 in line with the new organisation structure announced by Brambles' Chief Executive Officer, Mike Ihlein, on 2 August 2007.


That new structure relates to CHEP operations, which are now managed in three Groups: CHEP Americas (covering USA, Canada and Latin America plus the global Catalyst and Chemical Containers (CCC) business), CHEP EMEA (covering Europe, the Middle East and Africa) and CHEP Asia-Pacific (covering Australia, New Zealand, South East Asia, India and China).


Reporting the annual results under the new structure will give rise to the following changes to segment reporting in the 2008 results compared with previous years:


*

CHEP Africa and CHEP Middle East, previously reported as part of CHEP Rest of World, will be reported as part of CHEP EMEA; and


*

CHEP CCC Europe and Asia units, previously reported as a part of CHEP Europe and CHEP Rest of the World respectively, will be reported as part of CHEP Americas.


As announced in the Trading Update issued on 24 June 2008, in order to enable comparisons with performance in previous years, Brambles provides the enclosed tables which set out historical segment data reflecting the new Brambles organisation structure.


Robert Gerrard

Group Company Secretary

[meinolf67]

Brambles ongoing ops profit rises 49%
Wednesday August 20, 2008, 10:27 am

Brambles Ltd has increased its full year net profit from ongoing operations by 49 per cent as the world's biggest pallet maker and distributor signed new contracts in the US and Europe.

Net profit from continuing operations for the 12 months to June grew to $US646.9 million ($A742.45 million) from $US433.7 million ($A497.76 million) the year before, the Sydney-based company said in a statement on Wednesday.

Actual net profit, which included Cleanaway UK which the company sold in 2007, fell 50 per cent to $US648.7 million ($A744.52 million) from $US1.29 billion ($A1.48 billion) the year before.

Revenue rose 13 per cent to $US4.359 billion ($A5.0 billion)

The company will pay a final dividend of 17.5 Australian cents per share, 10 per cent franked, taking the full-year dividend to 34.5 cents compared with 30.5 cents the year before.

CHEP, Brambles' pallet business, increased sales by 12 per cent to $US3.61 billion ($A4.14 billion) as it grew particularly in Europe and Asia.

Brambles' document management business, Recall grew sales by 15 per cent to $US748 million ($A858.49 million).

"This is a particularly pleasing result given the increasingly challenging economic environment in many markets and it confirms the strength of our business models," chief executive Mike Ihlein said in the statement.

"We continue to win significant new business, in both existing and new markets, and we have made excellent early progress in the implementation of our growth strategy.

"Our performance makes me optimistic about the medium to longer term growth outlook for Brambles."

Brambles said the company was well positioned to deliver another year of sales and profit growth in 2008/09. The company was well positioned to achieve its objective of 10 per cent compound sustainable revenue growth in the medium to long term.

Brambles maintained its profit margin at 24 per cent, in the face of the costs of investing in new markets and transition costs from changes to the pallet flow in the Wal-Mart network.

The company said it was continuing constructive discussions with Wal-Mart on the world's biggest supermarket operator's decision to modify pallet flows in the US.

Brambles said its objective in the talks was to maintain costs broadly unchanged under the new arrangements.

There wouldn't be any impact on sales or issue volumes from any new arrangement, Brambles said.

CHEP USA increased sales by ten per cent to $US1.581 billion ($A1.81 billion) on higher prices for the pallets and greater volumes. On a constant currency basis, sales grew eight per cent.

During the reporting period, the division extended its business with Tyson Foods, the world's largest processor and marketer of chicken, beef and pork, with Tyson set to become one of CHEP USA's biggest customers.

CHEP EMEA (Europe, Middle East and Africa) increased sales by 13 per cent to $US1.642 billion ($A1.88 billion), a four per cent rise on a constant currency basis, as the company won new contracts for display pallets and automotive containers.

Transport costs fell in Europe and were flat in the US. Brambles had made extensive use of online auctions of its transport requirements, which was helping the company better manage fuel costs.

Brambles also was recovering fuel costs through contractual arrangements with customers, including fuel surcharges in the United States and indexation increases in Europe.

Sales at CHEP Asia-Pacific grew 20 per cent, and five per cent on constant currency, to $US387 million ($A444.16 million) as the company won new customers in China.

Revenue at the Recall business grew 15 per cent, and seven per cent in constant currency, on volume growth mainly in the document management business.

Shares in Brambles fell 50 cents, or 5.87 per cent, to $8.02 as of 1008 AEST.

[meinolf67]

Antwort auf Beitrag Nr.: 34.774.007 von meinolf67 am 20.08.08 10:35:51

testposi aufgemacht

[meinolf67]

Antwort auf Beitrag Nr.: 34.781.538 von meinolf67 am 20.08.08 18:54:03

immerhin >70% EK-Rendite, KGV etwa 14, DivRendite 4,4%

[meinolf67]

* August 20, 2008 - 4:29PM
* Page 1 of 2

Brambles, coming off a solid profit, is buoyant about future growth, particularly in China, India and Europe, but the uncertainty about its key contract with Wal-Mart in the US continues to cloud the company's prospects.

Brambles shares had their biggest single-day drop since its relisting in November 2006. The stock slumped $1.11, or 13%, to $7.41.

The world's biggest maker and distributor of pallets posted a net profit of $US648.7 million in the year to June, a fall of 50% from $US1.29 billion the year before.

However, this result had been bolstered by proceeds from the sale of the Cleanaway UK and Asia businesses the previous year.

In like terms, profit after tax before special items was $US626.5 million, up 7%.

This was due to higher interest costs from the increased debt arising from the $US2.9 billion buy-back of 278 million shares.

Brambles' net profit in 2006-07 was $US613.4 million.Directors declared a final dividend of A17.5 cents per share, taking the full year dividend total to A34.5 cents, a rise of 13%.

The final dividend is 10% franked and payable on October 9, with a record date of September 19.

Chief executive Mike Ihlein said Brambles was still working closely with Wal-Mart on a new deal, but operations would be affected by $30 million in transition costs.

Wal-Mart accounts for 25% of Brambles' Chep pallet business in the US.

"We understand why Wal-Mart is looking to achieve a change in its pallet flows,'' he said.

Finalisation of the agreement was taking longer than planned due to the complexity of Walmart's network and involvement of another pallet provider.

"Our focus is on supply chain solutions ... our responsibility is to develop the best supply chain solution ... but the best is not the quickest,'' he said.

"We remain confident of a resolution. We have access to the most senior management in Wal-Mart.''

Mr Ihlein said Brambles was confident of sales growth in all businesses, including the Recall documentation division, with the company well positioned to achieve its aim of 10% compound revenue growth in the medium to long term.

Brambles was a late starter in China and India, but both countries would be "$US100 million revenue businesses in five years or so'', he said.

Mr Ihlein said that in Europe, growth prospects were particularly strong in Germany and Poland, as were food services and beverages in the US.

Brambes was also placing more emphasis on radio frequency identification in containers and pallets.

"There are more opportunities to develop a track and trace solution, particularly for customers such as those in the fruit and vegetables sector,'' he said.

Brambles' revenue in 2207-08 rose by 13% to $US4.4 billion.

Of the various units, CHEP pallet sales rose by 10% to $US1.6 billion in the US; by 13% to $1.6 billion in Europe, Middle East and Africa; and by 20% to $US387 million in the Asia-Pacific.

Recall sales increased by 15% to $748.3 million, but operations in the US were hit by higher costs.

Brambles' net debt at June 30 was $US2.4 billion, up $US429 million from the previous year, due to the $US392 million raised for the share buy-back.

Chief finance officer Liz Doherty said gearing was at 61.1%, within the company's covenants.

The buy-back of shares had been suspended out of a desire to be prudent in the current economic circumstances, she said.

[meinolf67]

Global pallet and record management giant Brambles Ltd (ASX:BXB) says its performance in the first two months of its new financial year has been in line with guidance.

Brambles said that for the period between July 1 and September 9 its financial position and performance "has remained broadly in line with the outlook."

At its annual results announcement on August 20, Brambles said it was well positioned to deliver further growth in revenue and profit in 2008/09.

It also said it was well positioned to achieve its medium to long term objective to achieve sustainable sales revenue growth of 10 per cent on a compound basis.

For 2007/08, Brambles' sales revenue from continuing operations rose 13 per cent, or six per cent on a constant currency basis, to US$4.36 billion.

Its operating profit rose 12 per cent to US$1.05 billion, or by six per cent in constant currency terms.

Bottom line net profit was down 50 per cent to US$648.7 million.

Globally, Brambles supplies CHEP pallets - the ex Commonwealth Handling Equipment Pool - to major customers including Wal-Mart.

In April, Wal-Mart said it would look at its pallet sorting arrangements, possibly affecting Brambles' revenues.

Brambles also operates the Recall records management business, which stores business correspondence, destroys documents and offers data protection.

[meinolf67]

09.10.2008 07:09
Brambles CHEP agrees pallet deal with Wal-Mart

MELBOURNE, Oct 9 (Reuters) - Australia's Brambles Ltd (News) <BXB.AX>, the world's top pallet supplier, said it had reached a new agreement to supply pallets to U.S. retail giant Wal-Mart Stores Inc (News/Aktienkurs) that would increase its costs by $5 million from 2010.

The move by Wal-Mart, Brambles' biggest U.S. customer, to review its pallet supply and management arrangement had sent Brambles shares down sharply in April, and the market has been awaiting an outcome from the prolonged talks.

'There is no impact on sales revenue or issue volumes from the new arrangements,' Brambles said in a statement on Thursday.

Pallets are large wooden or plastic trays used by retailers and other consumer goods companies across the globe to carry merchandise.

Brambles incurred $10.9 million in costs last year from temporary deals with Wal-Mart in the interim, and it reaffirmed it would incur another $30 million before tax in similar costs for the current financial year.

Under the new agreement, CHEP will no longer receive income from selling white wood pallets that were previously collected from Wal-Mart distribution centres, but would also not incur costs for inspecting and sorting those white wood pallets.

Brambles shares last traded at A$7.35, down 36 percent so far this year, underperforming a 28 percent fall in the broader market.

[meinolf67]

25.11.2008 00:39
Australia's Brambles says 4-mth sales rise 4 pct

MELBOURNE, Nov 25 (Reuters) - Australia's Brambles Ltd , (News) the world's top pallet supplier, recorded a 4 percent rise in sales in the first four months of its 2009 fiscal year, the company said ahead of its annual shareholders meeting.

Brambles said on Tuesday its comparable operating profit in fiscal 2009 would be in-line with last year.

The company, whose wooden CHEP trays are used by consumer goods companies worldwide to carry merchandise to stores, got a boost last month when it reached a long-awaited agreement with U.S. retail giant Wal-Mart to handle pallets it receives.

Although its shares hit a four-year low last week, they have outperformed the broader market this year as the company is poised to benefit from the sharp fall in the Australian dollar, with 90 percent of its earnings coming from offshore.

The shares were up 2.2 percent in early Tuesday trade, lagging the 4.5 percent rise in the benchmark S&P/ASX 200 index .

($1=A$1.53)

[meinolf67]

2009 Date


Understanding CHEP 28 January

Interim Results 19 February

Interim Dividend April

Operations Review - Europe 13 -15 May

Trading Update June

Final Results 20 August

Final Dividend October

Annual General Meeting November

[meinolf67]

Stockbrokers

February 01, 2009 12:00am

ANDREW Doherty, of Morningstar, gives his tips on shares to buy, hold and sell.

BUY

Brambles Ltd (BXB) $6.80

CHEP is the biggest pallets pooling business in the world. Solid longer-term growth prospects stem from further penetration of existing market and extension to new ones.

[R-BgO]

Brambles Ltd (ASX:BXB) says group sales revenue for the 10 months of fiscal 2009 were up two per cent but again declined to issue an updated profit forecast for its full year to June 30.

The Sydney-based pallets supplier in February posted a net profit of $US212.8 million ($A325.78 million) in the first half to December 31, down from $US293.7 million ($A449.63 million) in the same period in 2007.

At the time it cited the "challenging and volatile" economic as the reason for not issuing an updated profit forecast.

In a briefing issued after the close of share market trading on Monday, Brambles said group sales revenue for the 10 months to 2 May 2009 was two per cent higher than the prior corresponding period last year.

The transport and logistics group said it continued to win new business across all its global regions and that sales revenue for the period from 1 January to 2 May was broadly in line with the prior corresponding period.

It said good progress had been made with the initiatives announced at the half-year results, which included the increased investment in the two-year pallet quality program and accelerated scrapping of seven million excess pallets in CHEP USA, as well as rationalisation of facilities and operations across the globe.

Brambles said its financial position remained strong, with no significant change since the publication of the half-year results.

The company continued to focus on further improving cash generation, including reducing capital expenditure to reflect lower economic activity.

A downturn in consumer spending forced Brambles this year to scrap almost nine per cent of its pallet stock, destroying seven million of its 80 million CHEP pallets in the US at a cost of $US99 million ($A128.99 million).

It said sales revenue from net new business wins in the 10 months to 2 May was $US30 million ($A39.09 million) in CHEP USA and a further $US30 million ($A39.09 million) in CHEP Europe.

Excluding the effect of weak conditions in the automotive sector, net new business wins have largely offset the decline in organic sales revenue resulting from a sharp reduction in consumer spending.

Brambles in March defended its core timber pallet business, CHEP, saying it is still winning contracts despite a key customer Pepsi switching to a rival plastic pallet provider in the United States.

[R-BgO]

RNS Number : 0024T
Brambles Limited
29 May 2009




Brambles Limited


Company Number: 118 896 021


29 May 2009


ISSUE OF SHARES PURSUANT TO DIVIDEND REINVESTMENT PLAN


We wish to advise that 26,632 ordinary shares in Brambles Limited have been issued have been issued as a consequence of the exercise of performance awards under the various Brambles Employee Share Plans. Attached is the Form of Application for Official Quotation of Additional Securities.


Robert Gerrard

[R-BgO]

Brambles New issue announcement Mon, 9 Nov 2009 15:08:00 +1000 36 minutes ago

Brambles Limited Level 40 Gateway 1 Macquarie Place Sydney NSW 2000 Australia GPO Box 4173 Sydney NSW 2001 Tel [phone] Fax [phone] www.brambles.com ABN 89 118 896 021 9 November 2009 The Manager-Listings Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 via electronic lodgement Dear Madam ISSUE OF SHARES PURSUANT TO EXERCISE OF OPTIONS/AWARDS We wish to advise that 137,709 ordinary shares in Brambles Limited have been issued as a consequence of the exercise of performance share awards under the various Brambles Employee Share Plans. Attached is the Form of Application for Official Quotation of Additional Securities. Yours faithfully BRAMBLES LIMITED Robert Gerrard Company Secretary Appendix 3B New issue announcement Rule 2.7, 3.10.3, 3.10.4, 3.10.5 Appendix 3B New issue announcement, application for quotation of additional securities and agreement Information or documents not available now must be given to ASX as soon as available.

Information and documents given to ASX become ASX’s property and may be made public. Introduced 1/7/96. Origin: Appendix 5.

Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005. Name of entity BRAMBLES LIMITED ABN 89 118 896 021 We (the entity) give ASX the following information. Part 1 - All issues You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to be Ordinary Fully Paid Shares issued 2 Number of +securities issued or to be issued (if known) or maximum number which may be issued 137,709 3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid + securities, the amount outstanding and due dates for payment; if + convertible securities, the conversion price and dates for conversion) N/A + See chapter 19 for defined terms. Appendix 3B Page 1 Appendix 3B New issue announcement 4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted + securities? If the additional securities do not rank equally, please state:  the date from which they do  the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment  the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 137,709 @ 0.00 per share 6 Purpose of the

[R-BgO]

Pallets fail to stack up for Brambles in US
MATT O'SULLIVAN
November 20, 2009
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A SLOWDOWN in the key Brambles business in the United States has left it with a growing mountain of pallets and sales revenue for the past four months that was ''below expectations''.

About 4 million additional pallets now idle at depots will increase storage and handling costs but, banking on consumer demand picking up, Brambles has decided against adding them to the 7 million excess pallets it already plans to scrap.

Brambles, the world's biggest supplier of pallets, yesterday reported a 3 per cent drop in group sales revenue to $US1.4 billion ($1.5 billion) for the four months to October 31. The result was below some analysts' expectations.

Its CHEP pallet business in the Americas was again the poor performer, reporting a 5 per cent fall in revenue to $US513 million for the period that dragged CHEP down worldwide.

The chairman of Brambles, Graham Kraehe, said the company was yet to experience a ''widespread pick-up'' in activity or restocking in its major markets. Trading conditions in the first four months were similar to those in the second half of last financial year.

Mr Kraehe said the US pallet business had lower organic volumes due to weak economic conditions and had been unable to find enough new business to fully offset the loss of customers. It expects total pallet issues in the US to be about 3 per cent lower in 2009-10 than the year before.

Shares in Brambles rose 4c to $6.76 yesterday, but are still 18 per cent off a high in September.

Last month Brambles forced out its embattled chief executive, Mike Ihlein, after just over two years, replacing him with Tom Gorman, the former boss of its European pallet division, who has been given the tough task of reviving its under-performing US business.

Brambles faces growing competition in the US from iGPS of Florida, led by a former CHEP senior executive, Bob Moore. The former Brambles and Coles boss John Fletcher is on its board.

Early this year Brambles lost a big US contract to iGPS. Brambles has 80 million pallets in circulation in the US, and the next biggest player has about 4 million.

Mr Kraehe told shareholders at the Brambles annual meeting in Melbourne: ''In the US it's fair to say that we haven't had the level of competition until recently that we do have in Australia and Europe.

''The real objective of the US business is to get ahead of the curve, not to be catching up.''

The company also announced it would cancel its secondary listing on the London Stock Exchange because of administrative and maintenance costs. Brambles scrapped its British dual listing in 2006, partially in an attempt to increase the proportion of institutional shareholders, but kept the secondary listing.

Source: The Sydney Morning Herald

[R-BgO]

Antwort auf Beitrag Nr.: 38.423.522 von R-BgO am 20.11.09 01:51:33

Brambles says US pallets demand falls
Sunday November 22, 2009, 3:40 pm

Pallet supplier and information management company Brambles Ltd says it does not expect to put four million excess pallets in the United States back into use until after the company's current fiscal year.

Brambles chief executive Tom Gorman told the ABC's Inside Business program that Brambles had a total of about 75 million pallets in the US, with about four million "excess" coming into this fiscal year.

He said Brambles was predicting a reduction in pallet buying in the US this year because Brambles was not adding customers in a sufficient quantity to offset some losses that the company had had.

Economic activity in the US also continued to slow down.

"We think with our projection for demand beyond this fiscal year, we'll put those pallets to work pretty quickly after the 2010 full year," Mr Gorman said.

Mr Gorman said Brambles could grow its pallet operations in the US.

"We think the US and continental Europe for that matter are both markets that I think most people would say are mature markets in terms of economic growth, but in terms of pallet pooling I think we have enormous opportunities to grow in both markets," he said.

Mr Gorman said Brambles was also looking at Eastern Europe, China and India, and new market segments such as pharmaceuticals, building products and beverages.

Mr Gorman said most economies around the world had not shown a big bounce back from the global financial crisis.

He said Australia, however, was doing well.

"We haven't seen a big bounce back in consumer demand in the US, which is a key market for us, and when you look at our European portfolio, we have not seen a big bounce back yet in the United Kingdom," he said.

"And Spain, which is another big market for us in Europe, is really still quite depressed."

Mr Gorman said Brambles was well positioned for recovery when it does come.

"But at the moment we really don't see that recovery coming aggressively at least as we look out through the rest of our fiscal year which takes us through June of 2010," he said.

Brambles last week reported group sales revenue of $US1.402 billion ($A1.51 billion) in the four months to October 31, 2009, down three per cent from the prior corresponding period.

[R-BgO]

Brambles recovers after flat outlook sends shares diving

* UPDATE: Bill Lindsay
* From: Dow Jones Newswires
* May 06, 2010 4:25PM


GLOBAL logistics firm Brambles today said sales for the three months to March 31 rose by 1 per cent over the same period a year ago, and forecast flat full-year revenues as it is yet to see sales growth from its key US pallet-pooling operations.

In a trading update for the nine months to March, Brambles said that when removing the impact of currency fluctuations across the 47 countries in which it operates, group revenues across its three CHEP pallet divisions and Recall information management business were down 1 per cent on-year, reflecting the slow rate of economic recovery, particularly in the US, UK and Spain, and the impact of US CHEP customer losses between April and September of 2009.

The firm said it expects sales revenue for the full year to be “broadly in line” with fiscal 2009 in constant currency terms, with CHEP in the US - which is yet to see operating margins improve from the first half - expecting a 3 per cent fall in pallet issue volumes this year.

Start of sidebar. Skip to end of sidebar.

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The sales results and continued cautious outlook suggest the world's largest supplier of pallets to the fast moving consumer goods sector is still concerned about the pace of recovery in northern hemisphere economies that provide about 75 per cent of its revenue.

Brambles said that, during the nine-month period, revenue from CHEP was down 4 per cent in the Americas, flat in Europe, the Middle East and Africa, and up 4 per cent in its smaller Asia-Pacific market, reflecting the strong Australian economy and growth in its developing markets of China and India.
Revenue from Recall rose by 1 per cent during the same period, as growth in sales from both existing and new document management customers offset “subdued activity” in its document destruction business.

Shares in Brambles fell as much as 39 cents, or 5.4 per cent in early trading to $6.86, before recovering slightly; at 0525 GMT, Brambles shares were 1.9 per cent lower at $7.11.

One analyst said the market had likely been expecting a quicker return to growth in CHEP's US business, which dominates activity under the Americas division that includes Canada and Latin America.

“We were looking for a little bit more” in US third-quarter sales from CHEP, said RBS analyst Mark Williams.

His forecasts for fiscal 2010 call for flat revenues from CHEP Americas, which only managed to marginally improve on its position at the half-year, when sales were down 5 per cent on-year.

“Overall, it was reasonably in line (with expectations) but just a little bit weaker in the US, so there might be some downgrades to the forecasts for the US,” he said.

[R-BgO]

Brambles bullish about Aussie economy
Thursday May 27, 2010, 3:53 pm

Pallets and document management group Brambles Ltd says it is bullish about the Australian economy and the company's outlook in the UK and United States was not as bad as some people perhaps thought it should be.

Brambles' business in Australia was in "good shape" and Brambles was "pretty positive and bullish" on the Australian economy, chief executive Tom Gorman told an American Chamber of Commerce in Australia luncheon .

"The other extreme, unfortunately is Spain," Mr Gorman said.

Spain generates about nine per cent of the world's biggest pallet providers' revenue, Australia about 11 per cent, United Kingdom and Ireland about 11 per cent and the United States about 33 per cent.

"We have a very good business in Spain, very profitable, good market penetration, but we have seen organic growth decline in sort of mid-single digits.

"That country is suffering from a 20 per cent unemployment rate, it's often mentioned in the same sentence or the same paragraph as Greece," Mr Gorman said.

Mr Gorman said that business for Brambles in the United States and the United Kingdom was not as bad as some people might anticipate.

"For us to change our tune on those two major economies, we would have to see a sustainable number of people go, and we're not seeing that," he said.

"We're adding new customers, so we're growing market share, even in the US."

Mr Gorman said the businesses were strong, but the underlying organic growth was not happening the way that Brambles and some others would like it to.

Mr Gorman later refuted rumours that Brambles had recently lost a major customer in the US.

"As to the rumours that are in the market today, I really don't know where they emanate from and who has created them," he told reporters.

"It has not happened. I can definitely rule that out as I stand here today."

Mr Gorman said Brambles was getting strong growth in emerging markets in central and eastern Europe by increasing market share.

Brambles was also growing business in the Middle East.

He said business in China and India was still in its infancy, given that the markets there still had a long way to go in terms of modern distribution.

"Our CHEP (pallets) business really benefits from modern distribution, so a palletised economy - large distribution centres, disciplined transportation - that's really where we do best," he said.

"In both India and China, we're not in that place yet, so our businesses there are much more closed loop, so it's not open pooling like here, but we're adding real value.

"In China for example, we're building both an automotive presence and a fast-moving consumer-goods presence ... we're building local capability, so we're very pleased with the foundation there, and the growth rates are very strong."

Mr Gorman said Brambles still expected total revenue for the current financial year to be broadly in line with the previous financial year.

Brambles shares were 15 cents lower at $6.509 at 1533 AEST on Thursday.

[R-BgO]

Brambles loses another top US customer

* John Durie
* From: The Australian
* June 07, 2010 12:00AM

BRAMBLES has lost another big US customer with food giant Con Agra advising its 35,000 US customers that it is switching to plastic pallets supplied by upstart rival IGPS.

The move is a double blow for Brambles, which had claimed the fire retardant used in the plastic pallets caused cancer only to see the claim publicly rejected by a major food supplier.

Con Agra, a big fresh food and packaged food company, had been using about seven million Chep pallets each year.

It ranked about seventh on Chep's US customer list.

Con Agra plans to complete the shift to plastic pallets within three months.

Chep has already lost a big slice of its Kraft business, and Pepsi's Quaker, Tropicana and Gatorade in recent months.

A Brambles spokesman said yesterday it had been able to grow its market share since it changed its strategy last year.

"Con Agra told us late last week it was transitioning to a competitor. This is obviously disappointing," he said. "But since launching the Better Every Day strategy in October last year the company has won more annualised volume than it has lost, including the Con Agra contract."

Last month Brambles' stock price slumped 8.4 per cent, partly because of rumours it had lost a big customer.

At the time, Brambles boss Tom Gorman rejected the rumours. "As to the rumours that are in the market today, I really don't know where they emanate from and who has created them," he said after a Melbourne function.

"It has not happened. I can definitely rule that out."

Mr Gorman, the former boss of Ford Australia and former European manager for Chep, took over from Mike Ihlein last year.

Brambles was getting strong growth in emerging markets in central and eastern Europe by increasing market share, he said.

Brambles was also growing in the Middle East.

Business in China and India was still in its infancy, as modern distribution methods had not been widely established.

"Our Chep business really benefits from modern distribution, so a palletised economy -- large distribution centres, disciplined transportation -- that's really where we do best," he said.

"In both India and China, we're not in that place yet, so our businesses there are much more closed-loop, so it's not open pooling like here, but we're adding real value.

"In China for example, we're building both an automotive presence and a fast-moving consumer-goods presence . . . we're building local capability, so we're very pleased with the foundation there, and the growth rates are strong."

The battle with IGPS centred on the use of fire retardants in the plastic pallets -- and counter-claims that Chep's wooden pallets carried disease.

Plastic pallets last longer than wood but are more expensive. Brambles has historically traded on a big price-earnings multiple because of its near monopoly of pallets.

The Brambles stock price has fallen some 15 per cent from its near-term high of $7.65 a share in mid-March, and closed on Friday at $6.49 a share.

Analysts' price targets for the stock range from $6.60 to as high as $8.50 a share.

[R-BgO]

Profit down by Brambles investors happy

* From: AAP
* August 19, 2010 4:21PM


Source: The Australian

SHARES in Brambles gained five per cent after the pallets supplier said it was well placed to grow in 2010-11, even after lower profit.

The global supply chain and data management company reported net profit of $US448.8 million ($499.17 million) in 2009-10, down 0.84 per cent, while in constant currency terms it was down 5.0 per cent.

Brambles uses exchange rates applicable in the prior corresponding period to calculate constant currency.

Sales revenue in 2010-11 increased 3.2 per cent to $US4.15 billion ($4.62 billion).

The company said cash flow was strong, rising 142 per cent to $344.1 million after dividend, due to cost and capital expenditure reductions.

Asia-Pacific businesses performed strongly, with China and India reporting a combined sales growth of 92 per cent, year on year, Brambles said.

"The results clearly demonstrate the resilience of our business in tough economic times and the tight management we have across all areas in the Brambles group,'' chief financial officer Greg Hayes said.

Asia-Pacific sales increased three per cent, with a small drop in the auto business in Australia offset by growth in China.

Mr Hayes said Brambles expected net profit in fiscal 2011 to increase to between $740 million and $780 million.
Brambles shares climbed 30 cents, or 5.66 per cent, to $5.60 by 2.41pm.

Chief executive Tom Gorman said Brambles had aggressive growth plans, initially in the US where there was an estimated $12 billion opportunity to expand CHEP USA.

"We believe the traditional pallet business still represents a large opportunity for future growth, but we also must expand more aggressively beyond our core product and there are several areas of opportunity,'' he said.

Globally, there were opportunities to grow the automotive and Lean Logistics businesses in China, India, Latin America and Central and Eastern Europe.

"Our global footprint is a unique asset that we are enthusiastic about leveraging more fully,'' Mr Gorman said.

"As we have already seen, emerging markets are an important part of our growth and that will remain the case as we increase our investments around the world.''

"New growth platforms are also vital.

"This is particularly clear in those region where we have historically been focused on one or two product offerings only.''

The company declared a final dividend of 12.5 Australian cents per share, 20 per cent franked, taking the full year dividend to 25 cents.

[R-BgO]

On Thursday 23 September 2010, 12:55 EST

Pallets provider and documents manager Brambles Ltd has acquired Zurich-based airline container provider Unitpool AG for 36 million Swiss francs ($A38.1 million).

Unitpool provides pooled containers and pallets used by airlines for the storage of passenger baggage and cargo.

Brambles said the transaction would have no impact on Brambles' earnings guidance for the 2011 financial year.

"The acquisition opens an exciting new sector for Brambles with appealing growth prospects," Brambles chief executive Tom Gorman said on Thursday.

"It is a key step for Brambles in establishing a specialist containers business that leverages its global logistics footprint."

Unitpool's service operations are headquartered in Bangkok, Thailand.

Unitpool manages a pool of 33,000 unit load devices through about 300 airport locations and 40 repair centres.

It supplies more than 20 passenger and cargo airlines, including Etihad, Air Asia X, Cargolux and AirBridge Cargo.

Brambles shares were seven cents lower at $6.25 at 1249 AEST on Thursday.

[R-BgO]

S&P welcomes Brambles' $1.28b IFCO buy
November 15, 2010

Ratings agency Standard and Poor’s says the purchase of IFCO Systems NV will enhance Brambles’ competitive position and improve the logistics company’s debt to earnings ratio.

Brambles said today it would buy IFCO, a provider of pooled reusable plastic containers to the food supply chain and pallet services, for 923 million euros ($1.28 billion).

Brambles plans to combine IFCO and CHEP’s RPC businesses to create a global RPC business with a broad base in Europe and the Americas.
Advertisement: Story continues below

Standard and Poor’s (S&P) said Brambles’ rating remained ‘‘on a stable footing’’ at BBB+, reflecting the underlying strength of the CHEP business.

‘‘We believe that the acquisition, which is consistent with Brambles’ intentions to expand its core business, will enhance the company’s competitive position and optimise its network of pallet service centers,’’ S&P said in a statement.

Shares in Brambles added 38 cents, or 5.82 per cent, to $6.91, an almost six-month high.

Brambles will purchase 95.9 per cent of Netherlands-based IFCO for $18.75 per share using a mix of undrawn credit facilities and equity.

‘‘The proposed funding mix will help improve Brambles’ unadjusted debt-to-EBITDA ratio to under 1.75x, which is consistent with the company’s financial targets,’’ S&P said.

Brambles said the transaction would add to earnings per share from the point of ownership.

‘‘The purchase of IFCO represents a unique opportunity for Brambles to enhance its position as a leading pooling solutions provider and acquire operations with a strong growth profile,’’ Brambles chief executive Tom Gorman said in a statement.

‘‘IFCO is a natural fit with Brambles existing RPC and pallet businesses and will allow us to continue to deliver on our strategy of diversifying our revenue base by product platform, geography and customer type.’’

[BorleamGipfel]

schaut hier noch jemand vorbei?

[R-BgO]

ja ich;

Brambles could sell Recall for $1.8bn, UBS analysts say
Michael Bennet From: The Australian April 06, 2011 10:25AM


CHEP pallets from Brambles are stored in a warehouse of US chain Home Depot. Source: Supplied
BRAMBLES, the world's biggest provider of pallets, could put its document management business, Recall, on the block for up to $US1.9 billion ($1.84bn) to shed the "mixed performer" and streamline its conglomerate structure, say analysts.

With the $1.2bn acquisition of reusable plastic-container provider Ifco almost complete, UBS today told clients Brambles could turn its focus to Recall’s future in the group, which is better known for its larger CHEP pallet business.

"We believe private equity could afford to pay the most for Recall, which we estimate at $US1.7bn, in order to generate a 25 per cent internal rate of return (IRR). This could rise to $US1.9bn on a thinner 20 per cent IRR," said analyst Simon Mitchell.

But despite "a multitude of strategic buyers" and the market likely to cheers a sale of Recall, Mr Mitchell said the financial impact would only be "marginally positive". However, that doesn't mean there's no merit, he said.

On UBS's numbers, Recall represents 15 per cent of the group's earnings before interest and tax, after the Ifco deal. Brambles recently stabilised Recall’s business by bolstering its management team, lifting investment and improving its earnings. Sales revenue grew by 6 per cent to $US387.4 in the 2010-11 first-half.

There's also been market interest in Recall’s larger global competitor, Iron Mountain, all of which adds up to potentially the "right timing" for a sale of Recall, said Mr Mitchell.

With paying down debt to be dilutive, Mr Mitchell said Brambles could deploy potential proceeds from the sale to increase its exposure to emerging pallet-pooling markets and to non-pallet product lines, such as crates and containers, via investments of up to $500 million.

UBS said the transaction could result in share-price accretion of 8 per cent if Recall is sold by the start of full-year 2012 for $US1.7bn, on a scenario where Brambles uses the proceeds through a mix of equity and debt-reduction and fast tracking growth investment.

"The net result is very slight accretion in earnings per share and a multiple re-rating based on higher quality earnings," said Mr Mitchell.

[Procera]

Antwort auf Beitrag Nr.: 40.804.920 von BorleamGipfel am 05.01.11 16:43:47

Ja, ich

[R-BgO]

15 April 2011
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
Brambles prices €500 million Eurobond issue
Brambles is pleased to announce it has priced a seven-year benchmark €500 million Eurobond issue.
The bond has a fixed coupon of 4.625 per cent and a maturity date of 20 April 2018. It will be listed on the Singapore Exchange.
Brambles expects to receive proceeds from the bond issue on 20 April 2011 and intends to use these proceeds to retire existing bank debt.
Brambles CFO Greg Hayes said: “This bond issue will further strengthen Brambles’ balance sheet and demonstrates the ability of the company to secure long-term debt from global capital markets at attractive interest rates.
“This bond issue reflects our policy of maintaining a mix of high-quality funding sources matched to our asset and revenue base, and follows our successful debut issuance into the US144A market in 2010.”
The bond will be issued by Brambles Finance plc and is guaranteed by Brambles Limited and two of its subsidiary companies, Brambles Finance Limited and Brambles USA Inc.

[R-BgO]

vom 2.5.2012:

BRAMBLES REPORTS CONTINUED SALES GROWTH FOR
NINE MONTHS ENDED 31 MARCH 2012 AND CONFIRMS
FINANCIAL YEAR 2012 PROFIT GUIDANCE

Brambles Limited today reported sales revenue from Continuing operations of US$3,563.1 million for the nine
months ended 31 March 2012, up 33% on the prior corresponding period.

The main drivers of Brambles’ sales growth were: the inclusion of businesses acquired since the prior
corresponding period; expansion in emerging markets in the Pallets segment; expansion with existing and new
retailers in the Reusable Plastic Crates (RPCs) segment; and continued improvement in the CHEP USA business.

On a pro forma basis, assuming Brambles had owned businesses acquired since 1 July 2010 for all of the prior
corresponding period, sales revenue from Continuing operations was up 7%.

[RichyBerlin]

Thu, Aug 16 2012
UPDATE 2-Australia's Brambles profit, outlook fall short, shares down

* 2013 outlook uninspiring, shares fall (Updates with CEO comments, details)
http://www.reuters.com/finance/stocks/companyNews?symbol=BXB…

--

http://www.reuters.com/finance/stocks/chart?symbol=BXB.AX
Es gibt da ein großes Dreieck, seit Frühjahr 2009. Das müsste nach oben durchbrochen sein und theoretisch den Weg für satte +3,50$ eröffnen

--

IFCO
http://www.ifcosystems.de/eu/DE/de/index.php

[R-BgO]

per Ende Dezember wurde Recall abgespalten und an die Börse gebracht:

Thread: Recall Holdings - Document Management Services

[R-BgO]

Zahlen kamen letzte Woche, gleicher operativer Gewinn trotz Demerger

Dividende bleibt gleich

[R-BgO]

habe vor den Zahlen am Montag nochmal aufgestockt

[R-BgO]

Antwort auf Beitrag Nr.: 49.127.612 von R-BgO am 20.02.15 12:36:57

hätte im Herbst nachlegen sollen,

zum Halbjahr grob stabile Zahlen, wobei die stark dich FX belastet waren

[R-BgO]

Antwort auf Beitrag Nr.: 52.421.586 von R-BgO am 17.05.16 13:17:02

und ein weiteres

solides Jahr

[R-BgO]

zum HJ war es nun nicht so schön, Kurs mächtig zurückgekommen...

leider ist mein Bauchgefühl schlechter geworden

[R-BgO]

Antwort auf Beitrag Nr.: 52.421.586 von R-BgO am 17.05.16 13:17:02

die "Chance"?

kam wieder und diesmal habe ich nachgelegt;

bin gespannt

[freddy1989]

Sehr ordentliche Firma nur leider nichts los im Forum

[R-BgO]

Antwort auf Beitrag Nr.: 55.872.685 von freddy1989 am 03.10.17 18:47:31

meiner Erfahrung nach sind die besten Aktien, solche über die im Forum wenig bis nicht diskutiert wird

[freddy1989]

Antwort auf Beitrag Nr.: 55.875.934 von R-BgO am 04.10.17 10:14:34

Wo du Recht hast hast du Recht

Ja das stimmt manche Dividenden Werte die oft TOP Dividenden Ausschütten darüber wird nie gesprochen oder es sind nur 1-3 Leute im Forum die sich damit beschäftigen.....

[R-BgO]

Antwort auf Beitrag Nr.: 55.863.223 von R-BgO am 02.10.17 11:07:33

kleiner

Bounce seitdem

[R-BgO]

Witzig:

[R-BgO]

Antwort auf Beitrag Nr.: 58.523.817 von R-BgO am 24.08.18 08:56:56

ursprünglich klang das so:

...wobei man ihnen fairerweise zugestehen muss, dass nicht von Synergien gesprochen, sondern mehr die Sortimentserweiterung betont wird;

scheint ein (weiteres) Beispiel dafür, dass mehr aus einer Hand nicht unbedingt immer besser ist.


Bin gespannt, was sie dafür bekommen.

[R-BgO]

Antwort auf Beitrag Nr.: 58.523.886 von R-BgO am 24.08.18 09:02:08

Brambles announces the sale of its IFCO RPC pooling business for USSydney – 25 February 2019:

Brambles today announced that it has entered into a binding agreement to sell its IFCO reusable plastic containers (RPC) business to Triton and Luxinva (a wholly-owned subsidiary of the Abu Dhabi Investment Authority) for an enterprise value of US$2.51bn. The transaction is subject to customary regulatory approvals and is expected to be completed during the second quarter of calendar year 2019.

Brambles' Chairman Stephen Johns said: "In August 2018, we announced that we would seek to separate IFCO through either a demerger or a sale by way of a dual track process. As well as progressing the demerger option, a robust and competitive sale process generated strong interest. We are pleased today to announce the sale of IFCO which we believe delivers greater value for shareholders, including a significant return of cash proceeds to shareholders.

“The IFCO team has been an important and valued part of the Brambles business, and on behalf of the Board I’d like to thank them for their contribution over the past eight years. The interest shown in IFCO during the separation process is testimony to how highly appreciated the IFCO business is, and we wish Wolfgang Orgeldinger and his team every success in the future,” Stephen said.

Brambles' CEO Graham Chipchase said: “The sale will allow Brambles to focus on our strategic priorities and to pursue continued revenue growth within our core markets, while also reviewing additional opportunities in emerging markets, through product and service innovation and use of technology through the supply chain. Our ambition remains to lead the platform pooling industry in customer service, innovation and sustainability”.

In FY18, IFCO generated revenues of US$1,098m, EBITDA of US$248m and Underlying Profit of US$133m1.

Brambles expects to receive approximately US$2.36bn of net cash proceeds from the transaction, after taxes, transaction costs, and balance sheet items, subject to customary closing adjustments.


Return of proceeds to shareholders

Brambles intends to return up to US$1.95bn of proceeds from the transaction to shareholders, through a combination of a pro-rata return of cash of approximately US$300m and an on-market share buy-back of up to US$1.65bn. The balance of the proceeds will be used to repay debt to maintain leverage in line with the Board approved credit policy.

The pro rata return of cash, which will be made to all shareholders, is expected to be approximately 29 Australian cents per share, in line with (and in addition to) Brambles’ annual dividend payout.

Further details of the on-market buy-back and pro-rata return of cash will be provided to shareholders upon completion of the transaction. Both components are subject to the completion of the transaction, with the pro- rata return of cash also subject to obtaining an ATO ruling and shareholder approval.

As previously announced, Brambles is evaluating its dividend policy and will update the market on the outcome of this evaluation as part of its 2019 full-year results presentation. Brambles reaffirms its commitment to maintaining a strong investment grade credit rating and its intention to maintain its current progressive dividend policy for its 2019 full-year dividend..5 billion

Sydney – 25 February 2019:

Brambles today announced that it has entered into a binding agreement to sell its IFCO reusable plastic containers (RPC) business to Triton and Luxinva (a wholly-owned subsidiary of the Abu Dhabi Investment Authority) for an enterprise value of US$2.51bn. The transaction is subject to customary regulatory approvals and is expected to be completed during the second quarter of calendar year 2019.

Brambles' Chairman Stephen Johns said: "In August 2018, we announced that we would seek to separate IFCO through either a demerger or a sale by way of a dual track process. As well as progressing the demerger option, a robust and competitive sale process generated strong interest. We are pleased today to announce the sale of IFCO which we believe delivers greater value for shareholders, including a significant return of cash proceeds to shareholders.

“The IFCO team has been an important and valued part of the Brambles business, and on behalf of the Board I’d like to thank them for their contribution over the past eight years. The interest shown in IFCO during the separation process is testimony to how highly appreciated the IFCO business is, and we wish Wolfgang Orgeldinger and his team every success in the future,” Stephen said.

Brambles' CEO Graham Chipchase said: “The sale will allow Brambles to focus on our strategic priorities and to pursue continued revenue growth within our core markets, while also reviewing additional opportunities in emerging markets, through product and service innovation and use of technology through the supply chain. Our ambition remains to lead the platform pooling industry in customer service, innovation and sustainability”.

In FY18, IFCO generated revenues of US$1,098m, EBITDA of US$248m and Underlying Profit of US$133m1.

Brambles expects to receive approximately US$2.36bn of net cash proceeds from the transaction, after taxes, transaction costs, and balance sheet items, subject to customary closing adjustments.


Return of proceeds to shareholders

Brambles intends to return up to US$1.95bn of proceeds from the transaction to shareholders, through a combination of a pro-rata return of cash of approximately US$300m and an on-market share buy-back of up to US$1.65bn. The balance of the proceeds will be used to repay debt to maintain leverage in line with the Board approved credit policy.

The pro rata return of cash, which will be made to all shareholders, is expected to be approximately 29 Australian cents per share, in line with (and in addition to) Brambles’ annual dividend payout.

Further details of the on-market buy-back and pro-rata return of cash will be provided to shareholders upon completion of the transaction. Both components are subject to the completion of the transaction, with the pro- rata return of cash also subject to obtaining an ATO ruling and shareholder approval.

As previously announced, Brambles is evaluating its dividend policy and will update the market on the outcome of this evaluation as part of its 2019 full-year results presentation. Brambles reaffirms its commitment to maintaining a strong investment grade credit rating and its intention to maintain its current progressive dividend policy for its 2019 full-year dividend.

[R-BgO]

gestern kamen Zahlen;

nettoschuldenfrei

[AkibaBC]

Hallo.

Noch jemand investiert?

Kurze Einschätzung von "Ecoreporter":

Die Brambles-Aktie schwankte in den letzten Jahren stark und bewegt sich seit März 2020 weitestgehend seitwärts. Dabei laufen die Geschäfte des australischen Paletten- und Container-Vermieters gut. Umsatz und Gewinn sind zuletzt im höheren einstelligen Prozentbereich gestiegen, für die nächsten Monate ist weiteres Wachstum wahrscheinlich. Die Aktie ist moderat bewertet (erwartetes KGV 20). Wer neu einsteigt, sollte jedoch einen langen Anlagehorizont mitbringen.

[AkibaBC]

https://www.ecoreporter.de/artikel/brambles-aktie-verliert-1…


Brambles-Aktie verliert 10 % - was steckt dahinter?
Der australische Holzpalettenvermieter Brambles erwartet für die nächsten Monate solides Wachstum. Einigen Investoren ist das aber offensichtlich zu wenig, die Aktie gibt deutlich nach.

Auf seinem Investorentag kündigte Brambles für das bis Juni nächsten Jahres laufende Geschäftsjahr 2022 ein erwartetes Umsatzwachstum von 5 bis 6 Prozent an. Der Gewinn soll hingegen wegen hoher Umstrukturierungskosten nur um 1 bis 2 Prozent steigen. Ab dem Geschäftsjahr 2023 rechnet Brambles mit jährlichen Gewinnsteigerungen im hohen einstelligen Prozentbereich.

Nach Bekanntgabe der Prognose verlor die Brambles-Aktie gestern knapp 10 Prozent an Wert – Anlegerinnen und Anleger hatten sich offenbar einen positiveren Ausblick erhofft. Auf Sicht von drei Monaten notiert die Aktie 4 Prozent im Minus, im Jahresvergleich hat sie 6 Prozent gewonnen.