PLC [BUY +21.9%] - Earnings growth to cool-off as input cost declines peter out - Update
  • 2016-04-04T09:37:32
  • Company Research
Cheap oil-linked input materials expanded gross margins... Crude oil prices plunged by 46% in 2015, which led gross margins in the asphalt and lubricant segments to widen by 400bps and 500bps, respectively. Blended gross margins therefore improved by 380bps to 18.4%.