Today’s H1 update highlights a resilient top-line, with sales growth a solid 5%. Clearly macro conditions do not seem to have dented the overall performance, with geographical diversity, good NPD and ongoing self-help actions helping to mitigate top-line pressures. It can be argued that the growth strategy under the new team is working. Management understandably signal caution around the H2 outlook, but with better visibility around the all-important Q4 order-book/retailer intentions not expecte ....
