dct,
Now look at the divisional P&L's.
The industrial distribtion/wholesale business is a tough game with high volumes and very low margins.
the significant acquisitions that have been made over the past few years have been funded by the Rigid plastics division and havent shown a huge increase in EBIT.
This game is tough and currency can play havoc with margins in a very short period of time.
buy time, page-15
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