So here is what EBIT Margin % has looked like by six month (hal-yearly) periods. Price rises and more direct sales to China sales have been the main drivers.
I think EBIT margin will be flat this half, given the extra spend, but 25% is still pretty impressive, particulatry if they can ramp up the volume side of things with Darnum stock rolling off the line.
1H17 =??
2H16 = 25.2%
1H16 = 18.3%
2H15 = 10.3%
1H15 = 9.2%
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