HILS has reported a positive H1 and we continue to feel that most areas of the Group will perform well in FY15. In particular, UK Roads visibility continues to look strong for FY15 and beyond. This is again a stronger statement than we have seen from most Industrials recently and we feel that forecast risk remains on the upside in FY15. Results are positive despite Pipe Supports remaining subdued in H1, which bodes well for FY16 as the order book improves. We await the presentation but expect to retain forecasts and remain at Buy.