The main driver over the following quarters will be the integration of Gatwick into the Airports portfolio and the potential impact of Brexit on the number of passengers. Management confirmed its rather vague guidance of higher revenue and net income for FY19. Following this earnings release, we expect to keep our Buy recommendation unchanged with a somewhat higher target price, namely a 5-10% increase.
13 Aug 2019
H1 19: strong performance but concessions are never beds of roses
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H1 19: strong performance but concessions are never beds of roses
VINCI SA (DG:WBO) | 0 0 1.1% | Mkt Cap: 49,071m
- Published:
13 Aug 2019 -
Author:
Felix Brunotte -
Pages:
3
The main driver over the following quarters will be the integration of Gatwick into the Airports portfolio and the potential impact of Brexit on the number of passengers. Management confirmed its rather vague guidance of higher revenue and net income for FY19. Following this earnings release, we expect to keep our Buy recommendation unchanged with a somewhat higher target price, namely a 5-10% increase.