Brambles 1Q17 Result Puts Company On Track to Meet Fiscal 2017 Guidance; Maintain 12 FVE
Brambles reported first-quarter 2017 sales of USD 1.42 billion, up 5% on the previous corresponding period. Excluding currency, sales rose 7% reflecting market share gains in Pallets Europe, acquisition growth in reusable plastic crates, or RPCs, and modest growth in Pallets Americas. Growth trends across the key Pallets segment were varied with Americas, Europe, and Asia Pacific delivering growth of 4%, 5%, and 3%, respectively. Despite subdued performance in the Pallets Americas segment, sales...Brambles is a supply-chain logistics company operating primarily through the CHEP and IFCO brands. Co. has three segments: Pallets segment, which primarily serves the consumer goods, fresh produce and beverage industries, and sub-divided into three regions: Americas, Europe, Middle East and Africa, and Asia-Pacific; Reusable Plastic or Produce Crates segment, which serves the fresh produce and food industry and comprising the IFCO RPC pooling business worldwide and the CHEP RPC pooling businesses in Australia, New Zealand and South Africa; and Containers segment, which comprises four business units: Automotive, Intermediate Bulk Containers, Oil and Gas, and Aerospace.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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