Feb 24 (Reuters) - Brambles Ltd (BXB) :
- SEES FY23 REVENUE GROWTH OF BETWEEN 12-14%
- SEES FY23 UNDERLYING PROFIT GROWTH OF BETWEEN 15-18%
- FY23 FREE CASH FLOW AFTER DIVIDENDS TO IMPROVE ON FY22 BUT REMAIN AN OUTFLOW
- EARLY SIGNS OF IMPROVED PALLET RETURN RATES IN US AND UK
- FY23 DIVIDEND PAYOUT RATIO TO BE CONSISTENT WITH POLICY OF 45-60% OF UNDERLYING PROFIT AFTER FINANCE COSTS AND TAX IN U.S. DOLLAR TERMS
- US AND UK BUSINESS WELL POSITIONED TO MANAGE PROGRESSIVE DESTOCKING EXPECTED ACROSS US AND EUROPEAN SUPPLY CHAINS IN SECOND HALF
- PALLET RETURN RATES FORECAST TO IMPROVE THROUGH BALANCE OF FY23
- EXPECT FY23 CAPITAL EXPENDITURE REQUIREMENTS TO REDUCE
- BETTER-THAN-EXPECTED PRICE REALISATION FLOWING INTO SECOND HALF
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