Full Year 2019 Brambles Ltd Earnings Call Transcript
Welcome to our Fiscal '19 Results Presentation. As usual, I will do a brief overview. We'll hand over to Nessa, and then I'll come back again and do a bit more about strategy.
So if you look at the '19 results, sales revenue growth of 7%. And I think that's reflecting both our performance on pricing, but also very strong volume momentum across all our regions. The underlying profit up 2%. Again, strong revenue driving that, but also offset by group-wide cost inflation pressures as well as continued challenge in the Americas. So a few things there. One is the change in customer retailer behavior, which we've talked about before as well as U.S. network capacity constraints, which we've talked about before and the stringer to block conversion in Canada, and higher cost to serve in Latin America, and Nessa is going to talk about that in a bit more detail later on.
Our self-help strategy in the U.S. has been working, and you can see we're making good progress on the automation, on
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