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Peel Hunt Genus (Buy) - Improving market conditions




Peel Hunt


15 Nov 2013





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Genus (Buy) Improving market conditions Volume growth in the first four months was an encouraging 5% and the company is talking about improving market conditions – this will increasingly be seen in H2 and into next year. Profits ytd are flat, which is as expected given the ongoing investment into the business particularly in China. We are nudging our numbers down due to currency, but are increasingly encouraged by the outlook.

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