hhmmm. so, sales growth for 9 moths exactly in line with interims, at +6.2%, with better performance in Aust aftermarket being cancelled out by slower export growth (12.1% -. 10.8%) and OEMs. Little specific mention of margins.
production facilities at or near capacity - with few specifics on increasing manufacturing capacity (though a number of examples of increasing warehousing). The Thai industrial action did continue to impact in Q3 - but no quantification (except noting that inventory growth was suppressed by the strike: 1% growth vs 6% growth).
one the plus side, some optimism on renewed OEM growth next year, WA and NT may have started to stabilise, and clearly committed to international growth, balance sheet strong (but more acquisitions coming?)
nothing to panic about, but again no really positive news either.
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