The company Q2 results were below our estimates. Revenue increased 5%, in-line with our estimates, whereas operating margin came-in 60bp lower than our expectation (+27.4%). Revenue from Household declined, whereas Bioenergy’s current momentum gained further strength (benefitting from the pickup in the US and global ethanol production). Moving forward, the company’s strategy to expand the geographical outreach of its (latest) freshness and hygiene product-line is rightly placed. W
16 Aug 2018
Boosting Bioenergy segment was dragged by Household
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Boosting Bioenergy segment was dragged by Household
Novonesis A/S Class B (NZYM:WBO) | 0 0 2.6% | Mkt Cap: 80,754m
- Published:
16 Aug 2018 -
Author:
Ankush Kathuria -
Pages:
4
The company Q2 results were below our estimates. Revenue increased 5%, in-line with our estimates, whereas operating margin came-in 60bp lower than our expectation (+27.4%). Revenue from Household declined, whereas Bioenergy’s current momentum gained further strength (benefitting from the pickup in the US and global ethanol production). Moving forward, the company’s strategy to expand the geographical outreach of its (latest) freshness and hygiene product-line is rightly placed. W