Following the weak bottom line and guidance (apparently it will be a challenge to match the 2017 net result), the stock is under pressure. What is particularly worrisome is the fact that the company burnt more than €800m of cash, leaving the net cash and cash equivalents below €200m versus almost €1bn at year-end 2016. Management emphasised during the conference call that the correlation between growing order book and growing net results will not hold in 2018.
12 Mar 2018
FY17: guidance disappoints, cash generation worries but dividend is maintained
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FY17: guidance disappoints, cash generation worries but dividend is maintained
- Published:
12 Mar 2018 -
Author:
Felix Brunotte -
Pages:
4
Following the weak bottom line and guidance (apparently it will be a challenge to match the 2017 net result), the stock is under pressure. What is particularly worrisome is the fact that the company burnt more than €800m of cash, leaving the net cash and cash equivalents below €200m versus almost €1bn at year-end 2016. Management emphasised during the conference call that the correlation between growing order book and growing net results will not hold in 2018.