The positive trading experienced in Q1 has continued into Q2, with EKF now expecting 2017 adj. EBITDA to be comfortably ahead of market expectations. We upgrade our EBITDA forecasts (after upgrading 2017 and 2018 EBITDA by 7-8% in May) by 9-10%. EKF has clearly had a strong H1 2017 and we believe the momentum will continue in H2 and beyond.
