Q2'23e comp sales -1% and adj. EBIT EUR 213m. Upper end of FY'23 guidance expected down 4-5%. Downgrade to HOLD (Buy) and TP to EUR 19 (23).

17 Jul 2023
We lack triggers and downgrade to HOLD (Buy)

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We lack triggers and downgrade to HOLD (Buy)
Kesko Oyj Class B (KESKOB:HEL) | 0 0 0.0%
- Published:
17 Jul 2023 -
Author:
Fredrik Ivarsson | ABGSC Retail Research -
Pages:
13 -
Q2'23e comp sales -1% and adj. EBIT EUR 213m. Upper end of FY'23 guidance expected down 4-5%. Downgrade to HOLD (Buy) and TP to EUR 19 (23).