IGL+2.71%: all-time highs, at least briefly, for the integrated marketing company on the first half result that came with an upgrade to guidance. EBITDA of $65m was strong with EBITDA margins up to 12.9%. The Ovato acquisition that was completed in the half was a positive contributor, and the company stated that synergies look to be coming ahead of schedule. They upgraded full-year guidance by 5% to $120m EBITDA. A really solid result.
MM is neutral to bullish IGL
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