In these conductor core projects, I think agreeing on a minimum level is a good thing, however.
The end customer’s installation schedules naturally determine the delivery schedule, and that can take time while infrastructure is being built, even if the masts are old.
I suppose the guidance of ”significant” can be interpreted as strong single-digit growth or higher.
Somehow Exel’s 60 million market cap (despite the debt) is starting to look cheap, even without a particularly significant improvement 