Although we might have guessed this ann was coming, it is still an official earnings upgrade - the last forecast being for a loss at the half year result. The most pleasing thing for me is the upbeat nature of the ann. Rade has quite deliberately refrained from pumping up the market with promises for the future - so to officially guide the market a year out means they must be damn sure of a strong year ahead!
Also nice to see this issue sorted ahead of the American summer. Sweet piece of timing there. I'm sure there was product ready to go the second the clock ticked past midnight on June 27!
Next key milestone is finding out likely XP demand. That's the game changer.
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- Ann: North American Distribution and Financial Update 7 July 2014
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