Transparency is poor and the way they calculate LFL and organic growth is unclear and very odd.
first impressions of the result is that it is not a good one. either organic growth is up and their latest acquisitions have been a total flop or there is something wrong with the organic growth numbers.
they have also reduced their pack and taken out the other segment which has head office costs. so they may be hiding some bad news there.
TL Rentals has gone backwards AND losses are up big time. this is a big concern in the days post RC when we were expecting them to have a competitive advantage.
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