Trading has remained on course in the first six months of the year, albeit today’s statement does highlight uncertainty in H216 created by June’s referendum, in line with comments made by other companies in the sector. We leave estimates unchanged, assuming c.2% organic revenue growth in FY16 but with total Group revenue forecast to increase 13.7% to £291.1m due to the acquisitions of Stormking and Ecodek in Q4 2015. This leads to an increase of 22.6% in profitability and 17
