SH should expect a business such as RWC with operations around much of the developed (and, increasing, 'emerging') economies to suffer some continuing headwinds from input price rises, delays from and (while perhaps moderating) freight increases re container shipping, plus an inability to immediately pass on cost rises, as latter has an inevitable lag.
This is a better result than expected.
Great that demand remains strong.
It's a slight downgrade for previously predicted EBITDA but nothing overly adverse. 'Mr Market' marked the shares down only marginally and as we know, he's a hard taskmaster.
Roadblocks remain, but RWC seems (albeit with some constraints and difficulty) to be negotiating most quite well.
The cynic would say 'well he would say that wouldn't he' but RWC continues to be an underappreciated stock in the wider market. In particular, its investment in continuing product improvements stands it in good stead.
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