Benefiting from softer comps, organic revenue growth accelerated in Q2 with all three segments reporting double-digit gains. The profitability beat was also encouraging thanks to robust operational leverage. Based on these strong results, the FY21 sales outlook has been upgraded, though management still anticipates a deceleration in H2 given the challenging trading environment. Also, raw materials and freight costs are likely to remain high, due to the disruption of supply chains worldwide, and ....
29 Jul 2021
FY21 sales guidance raised post strong Q2; rising input/ distribution costs bothersome
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FY21 sales guidance raised post strong Q2; rising input/ distribution costs bothersome
- Published:
29 Jul 2021 -
Author:
Nishant Choudhary | Sumit Sayal -
Pages:
3
Benefiting from softer comps, organic revenue growth accelerated in Q2 with all three segments reporting double-digit gains. The profitability beat was also encouraging thanks to robust operational leverage. Based on these strong results, the FY21 sales outlook has been upgraded, though management still anticipates a deceleration in H2 given the challenging trading environment. Also, raw materials and freight costs are likely to remain high, due to the disruption of supply chains worldwide, and ....