- Brambles' 1H FY 2021 revenue grew by +7% YoY due to Work-From-Home tailwinds, but its adjusted underlying profit only increased by +3% because of higher COVID-19 and input costs.
- Brambles raised its guidance for FY 2021, but the company's 2H FY 2021 performance is still expected to be weaker as Work-From-Home demand eases and lumber prices remain elevated.
- Brambles is valued by the market at consensus forward FY 2021 and FY 2022 P/E multiples of 20.5 times and 18.7 times, respectively.
For further details see:
Brambles Limited: Second Half's Financial Performance Expected To Be Weaker