FY24 results were in-line with its pre-close update, with stronger H2 trading and positive initiatives being undertaken by the new management. Cash generation was also stronger in H2, with sufficient firepower in current facilities to pursue the strategic target of some acquisitions in the current year. We reset our FY25 forecast, which results in adj EPS decreasing by 18.9%, with our target price following suit, moving from 175p to 135p. However, despite the lower forecast we see good prospects ....