FY19 numbers were in line with impairments, inventory write-downs and exceptional items leading to lower than expected net results Net debt is well under control, a good piece of news ahead of the VDM acquisition The latter will be the main earnings growth driver in the short term, we believe The outlook looks decent, with no real comment so far on the Coronavirus outbreak

28 Feb 2020
FY19 in line before extraordinaries and a decent outlook

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FY19 in line before extraordinaries and a decent outlook
Acerinox SA (ACX:WBO) | 0 0 0.6% | Mkt Cap: 3,084m
- Published:
28 Feb 2020 -
Author:
Fabrice Farigoule -
Pages:
3 -
FY19 numbers were in line with impairments, inventory write-downs and exceptional items leading to lower than expected net results Net debt is well under control, a good piece of news ahead of the VDM acquisition The latter will be the main earnings growth driver in the short term, we believe The outlook looks decent, with no real comment so far on the Coronavirus outbreak