H1 revenues jumped by 22% annually across all regions except for the Middle East. Profitability continued to rise in all regions, led by the Americas where the EBIT margin soared 8.3% from -0.4% in H1 FY22. Overall, the group margin rose to 8.9% in H1 – 430 bps higher compared to last year. Free cash flow was positive in H2 despite turning negative in the quarter as growth and seasonality led to a working capital build.
