Financial PerformanceMomentum continued through the period, with underlying margins improving and expectations to deliver margins in 1H EBITA consistent with the raised guidance range of 19%-21%.
Revenue GrowthCoats has delivered OCC revenue growth of 4% over the first four months of the year, which importantly captures some of the disruption that has ensued following Liberation Day.
Strategic InitiativesThe strategic cost savings of US$7m and US$6m benefit from the closure of Toluca Americas are incorporated into the financial outlook.