The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andrew J. Wilson - JPMorgan Chase & Co, Research Division - Analyst
: I just had a question in the U.K. Looking at the guidance for the full year versus the kind of run rate we've seen in the first half, just trying to understand
obviously what's a fairly significant pickup in terms of implied second half run rate. And just, I guess, how much of that relates to health care? And
how much of that you have visibility? I'm just trying to get a kind of understanding on the tick up.
Question: Andrew J. Wilson - JPMorgan Chase & Co, Research Division - Analyst
: That's great. If I can switch across, I guess, probably it's a U.S.-centric question. But the fleet size that you provided in terms of seeing the level of
reduction there, I guess I'm interested if you have any visibility on, if that's -- is that the same set of companies, i.e., companies reducing their fleet?
Or does it include competitors who might have exited the industry for one reason or another? And I guess sort of maybe -- go ahead, sorry, Brendan.
Question: Andrew J. Wilson - JPMorgan Chase & Co, Research Division - Analyst
: No, just sort of a broader question, maybe to take on them is just any comments around sort of changes in competitive behavior, I guess, would
be interesting.
Question: Andrew J. Wilson - JPMorgan Chase & Co, Research Division - Analyst
: No, that's very clear. Maybe if I can just squeeze one final one in. It's just around the equipment sales and, obviously, the impact that it had on the
margin, which Michael helpfully pointed out. I guess, just a quick question, would we expect that to be a trend for the next couple of quarters? Or
is that when we sort of think about these mix impacts an impact on the margin? Just to try and think about that for this kind of balance of the year
maybe.
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