Concerning guidance, net operating profit in H2 18 is expected to be sharply higher than in H1 18 (€34.5m). However, the net result is not expected to match the level achieved in H2 17 (€75m). Following this earnings release, we expect to lower our EPS, but we will keep our current Buy recommendation unchanged.
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9m 18: Improvement expected in H2 18 compared to H1 18
- Published:
12 Nov 2018 -
Author:
Felix Brunotte -
Pages:
3
Concerning guidance, net operating profit in H2 18 is expected to be sharply higher than in H1 18 (€34.5m). However, the net result is not expected to match the level achieved in H2 17 (€75m). Following this earnings release, we expect to lower our EPS, but we will keep our current Buy recommendation unchanged.