Yes results are very good. It demonstrates that the segment that really matters (in my opinion), Australian after-market, is proving quite resilient in the face of the resources armageddon. Whilst this segment only grew by 5% compared to the pcp (with H1 Fy15), it needs to be remembered that H1 FY15 was quite buoyant, having grown by nearly 9% compared to H1 FY14. If we compare this result to the previous period (H2 FY15), it has grown by over 8%. That's very good 6 monthly growth.
The export results are not quite as bullish as what H2 FY15 was indicating. But as I say, the goose that lays the golden eggs is the Australian aftermarket.
Ann: Half Yearly Report and Accounts, page-4
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