The group released two weeks ago its H1 figures which were slightly better than expectations as the negative impact of COVID-19 was only 1% on revenues and 2% on EBITDA. The stock had, however, already recovered more than the ground lost since mid-March, nearly doubling to exceed slightly the €40 level (35% above the €30 level of the four months preceding the crisis). The stock seems now correctly valued and we are at Reduce on it.
28 Aug 2020
Brief reminder of the H1 results released two weeks ago
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Brief reminder of the H1 results released two weeks ago
United Internet AG (UTDI:WBO) | 0 0 0.9% | Mkt Cap: 11,419m
- Published:
28 Aug 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
The group released two weeks ago its H1 figures which were slightly better than expectations as the negative impact of COVID-19 was only 1% on revenues and 2% on EBITDA. The stock had, however, already recovered more than the ground lost since mid-March, nearly doubling to exceed slightly the €40 level (35% above the €30 level of the four months preceding the crisis). The stock seems now correctly valued and we are at Reduce on it.