Half Year 2020 Brambles Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the Brambles Limited 2020 Half Year Results Conference Call.
I would now like to hand the conference over to Mr. Graham Chipchase, CEO. Please go ahead.
Good morning, everyone, and thank you for joining us today for our 2020 half year results announcement. I would like to start with a few key messages about the first half performance.
We delivered strong sales revenue growth of 7%, in line with our objective for mid-single-digit growth. This performance reflected volume growth with new and existing customers across all CHEP pallet businesses, improved price realization in our U.S. business and illustrated the resilience of our European business despite significant geopolitical, economic and cost headwinds. Our underlying profit was up 5%, including the impact of AASB 16, which is in line with the guidance we provided at our full year 2019 announcement.
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