To add to @Berger978456 …Comparing 1H19 with 1H18, my estimates...

To add to @Berger978456 …

Comparing 1H19 with 1H18, my estimates for currency movements relative to the AUD are:

• USD  +7.6%
• GBP  +5.7%
• DKK  +5.1%
• NOK  +3.9%
• EUR  +5.4%

We know from the Chairman's Address page 7 (ASX: 22/11/2018) that only 22% of Hansen's revenue is currently from APAC (probably a reasonable estimate of AUD revenue?).

So we could expect a positive FX impact on Revenue of around $5-6m and pro-rata on EBITDA.

It will be interesting to see how the Hansen half-yearly reports:

• FX impact (will the 'headline' numbers be constant currency?)
• EPS (recent discussions on HC)