H220 revs grew 9% yoy vs. N1S estimated 6%. This resilience drove FY20 EBITDA c. 7% ahead of our forecasts. We note especially a pick-up in connector revenues (47%/sales) to growth of some 16% in H2 from 4% in H1 and believe this relates to new hires and strategy driving success across all partners, notably Shopify and Magento. We re-introduce FY21 forecasts at the lower end of the range of probable outcomes meaning we would expect upgrades rather than downgrades from this level.