In a Q3 update, Hunting has narrowed FY25 EBITDA guidance towards the lower end of the existing U$135m-145m range, noting that this remains slightly above our existing FY25 estimate.
This broadly-based group has performed substantially in line with management expectations although EMEA re-structuring has perhaps been a modest drag.
Underlying cash flow/year-end net cash looks to be slightly better than we anticipated.
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