's 2016 turnaround. Note. <=u> =span style="font-size:10.0ptfont-family:"Verdana",sans-serif"= AMX: HOSTED CEO. WORST IS BEHIND. MARGIN EXPANSION. =ELEVERAGING. 29% UPSIDE. For just the 2nd time in =7 years. Key messages: worst of competition/regulation is behind th=m. Scope to drive margins from low-30's