Nice result and when keeping in mind the expected 45/55 EBIT split to the second half it makes them look very well on track to meet or exceed CY16 forecasts.
The big kicker for CY17 is the SFS acquisition that is progressing approvals at present. Even if it doesn't complete until sometime next year CBL are entitled to all earnings in the business from Jan 1. This acquisition reduces a lot of risk as SFS supplied a lot of business to their EU operations. As an added benefit, it is highly accretive
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Nice result and when keeping in mind the expected 45/55 EBIT...
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