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, respectiv=ly... AND EB