(News Bulletin 247) – The analyst believes that this publication for the 1st quarter of 2023 and the presentation that followed were more cautious.
‘We had raised our estimates at the annual publication, this time we are maintaining them with generally reiterated guidance and a H2 2023 announced ‘weaker’ in growth and margins than H1 23, and the maintenance of the 2025 guidance ‘indicates Invest Securities .
“The operating margin should improve in 2023 and even more in 2024 with the Varroc leverage. The FCF is confirmed positive at more than 260mE in 2023′ adds the analysis office.
Invest Securities revises its price target to 23.2E (against 24.3E) and confirms its buy opinion.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
