I just wanted to quickly update on the latest announcement for the Q2 results.
Nothing surprising in general other than what I have previously discussed which you can view here on the vehicle and non-vehicle segment.
Topline growth looks quite evidently and seems to be muted now, after years and years of consistent growth. The management has somewhat outlined that growth in the vehicle segment are likely to slow down, especially with the carmageddon wave of deregistering coming in the next few years to come.
The black horse was always going to come from the Setsco segment, which has grown bigger over the years and now contributed almost 2/3 of the revenue and 1/3 of the total profitability. Unfortunately, the management has also guided that growth is going to fall as the industries they are servicing are experiencing a slowdown, probably a global phenomenon that everything is going to fall ......