Full-Year Result Expectations, page-3

@Just_a_guy ,

I’m walking my hound so I don’t have my financial model for DLX at hand.

I’ll revert once I’ve reconciled the financial statements, but I am certain the reason for the cash flow variance is a working capital issue, because I know that I did provide for working capital investment related to the priming of the supply chain in the UK, both for Selleys into new Bunnings stores as well as for the DLX-owned paint outlets which they acquired last year.