Ann: HY23 Results Presentation, page-33

"agree with you but based on the call, they are extremely positive on fy24/25. 22/23 was setting further foundation which combined with the slow down post covid pc boom, hit their growth. Suspect we see some operating leverage emerge in the next couple of years with the new warehouse and acquisitions bedding in."

C'est exact, @Just_a_guy

No one should own this stock based on the result just gone; it's over the next 2 or 3 years that all that newly built capacity, which is currently idling, is going to wash its face in terms of financial returns.

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