It is a good estimate..market is volatile a bit but solid overall ( essential for society)..
they stated they grew market share to 43 or 44% on one of the slide...each 1% from memory represents 30mln odd in Revenue...so this is 80 to 90mln at margin of 20% from memory...so that is + 16mln to Ebita
overall market declined 11% for second half...second half is normally 35 to 40% of approx. 3.5bln Aus TV market ( correct me here total market)..
so that is 350mln and we own approx 40% of it..so it is minus 140mln in Revenue at .arguing of 20% again, thus 28mln Ebita hit
temp cost savings anounced 15-20mln + increase in share will more/ less offset macro market weakness..
SWM Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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