This morning produced 1H21 results that beat the street plus their full year guidance for growth of 10% was inline with current market expectations. For the half, they produced revenue of $947m v $874m expected, an 8% beat which dropped down to EBITDA of $57m v $55m expected and a net profit of $31.6m versus $26.6m expected, which is an 18% beat. As touched on above, guidance for the full year was inline with current consensus expectations however it seems to MM that this is a conservative forecast given 1H21 run rate. All in all, a good upgrade from MND supporting our bullish thesis.
We are bullish MND.
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