Bruno Paulson
Bruno Paulson
figure growth headline pressure relax sales strong terms
In terms of maintaining independence, strong sales growth, particularly Asia, is a plus. The headline figure should relax pressure on management.
business growth improving main showing strong
The continental business was the main star, showing strong year-on-year growth and improving margins.
growth issue korea low main margin market markets
We think the market was too pessimistic on Asia. The only issue is that the main growth is in low margin markets like India, Korea and Taiwan.