Capital ExpenditureThe European Capital Goods sector is expected to see a small group of end markets poised for a cyclical rebound, including global semiconductor capex, EU resi construction, and US Industrial capex.
Order IntakeThe group has delivered a very healthy performance over the period, with +6% OCC order intake (+8% reported) likely to be taken well by the Street.
Share BuybackThe group has announced a new £50m share buyback, consistent with its capital allocation strategy, which should be well-received.