The forecast is well within the bounds of recent margins, there is an implied EBIT margin of 10%.
Margins have ranged between 7.9% and 11.2% for the last 14 half year reporting periods. The average over that time: 10%.
This update shouldn't be startling and is one of a long line of examples of management tempering expectations.
Ann: Chairman's Address to Shareholders, page-4
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$29.80 |
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| Open | High | Low | Value | Volume |
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