We've taken a slightly longer-term look at our figures and we reckon the benefits of cost-cutting will be greater than previously thought.
Consensus was 75-77 cents, because people were expecting another profit warning, so 83 cents is above market expectations.
The market's drifting to the bottom of its trading range. What we really need is for a big corporate name to come out and say they've seen a pickup. It's going to come from the U.S. because they're further along the [economic] curve than we are.
If it's a blueprint for other companies in Europe affected by asbestos claims, then it's very positive news.
Copyright © 2024 Electric Goat Media. All Rights Reserved.