Full-year results were broadly in line with our forecasts, which we consider to be a good result in the increasingly challenging environment of the oil & gas sector, the company’s largest end market. Progress in diversifying the customer base continues, with strong growth seen from flow control sector customers. The US facility is on track to start operations by the end of December. Weaker demand in the oil & gas sector increases this year’s loss, with EBITDA breakeven exp
