$32m EBITDA reduction in guidance just due to input costs in such a short space of time? I doubt it. Input costs were up last year, but in their presentations they had cost increases as a factor for about $13m AUD for the full year. Why haven't they given us a number for cost increases so that we can understand the issues. Otherwise it seems more likely that they aren't integrating the businesses very well. Oil in AUD is down 20% over the last month or so. So wouldn't input costs be forecast to be less of a problem, esp if gas prices are similarly impacted?
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