9% 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 to low-40's. Data =emand robust. Dragging business either 1) losing relevance or 2) inflec=ing. Consolidated revenue/EBITDA can +2/6% CAGR through 2020E, resp

9% UPSIDE. For just the 2nd time in 1= years. Key messages: worst of competition/regulation is behind them= Scope to drive margins from low-30's to low-40's. Data dem=nd robust. Dragging business either 1) losing relevance or 2) inflecting=/i>. Consolidated revenue/EBITDA can +2/6% CAGR through 2020E,