News: BXB Brambles Sees FY24 Positive Free Cash Flow Before Dividends Of Between Us$450-550 Million

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    Aug 30 (Reuters) - Brambles (BXB) :

    • SEES FY24 POSITIVE FREE CASH FLOW BEFORE DIVIDENDS OF BETWEEN US$450-550 MILLION
    • EXPECT SOME REVERSAL OF FY23 WORKING CAPITAL BENEFITS IN FY24
    • CASH FLOW BENEFITS OF ASSET PRODUCTIVITY INITIATIVES, AMONG OTHERS EXPECTED TO SUPPORT POSITIVE FCF GENERATION AFTER DIVIDENDS IN FY24
    • FOR FY24 DIVIDEND PAYOUT RATIO TO BE CONSISTENT WITH DIVIDEND PAYOUT POLICY OF 45-60% OF UNDERLYING PROFIT AFTER FINANCE COSTS
 
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