NAHL expects to report full year revenues and adjusted PBT in line with our forecasts despite continuing challenges in the Personal Injury (PI) market. We are particularly impressed by the strong cash generation which led to a reduction in debt ahead of our forecast. The prospective sale of the Critical Care division, if concluded, is likely to fundamentally change the shape of NAHL and we look forward to reporting on its implications for the slimmed down Group in due course.
