First half result out today was largely pre-announced at the back end of January so EBIT at $531m came as no surprise. They continue to benefit from the building led rebound that many governments are stimulating.
Outlook for 2H EBIT to coming in ~50% ahead of first half is a slight miss to consensus though for the most part this looks conservative so we expect little changes to expectations from analysts.
MM is marginally bullish BSL here.
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