Brambles 1QFY21

Brambles is under Algo Engine buy conditions and is a current holding in our ASX model portfolio.

Brambles provided a trading update for the 1Q FY21 revenues, which were up 5% on the same time last year.

Underlying profit on a constant currency basis is expected to be around +3% to +5%. This supports the FY21 yield of 2.9% and FY22 3.3%.