FY19 showed a degree of improvement but from a low FY18 basis A massive capital increase (€800m planned in Q2) as we long expected (contrary to management, as usual caught by surprise) The market development, seen as positive in EAMEA, could be more favourable in FY20 It remains that management’s credibility is hurt once again The retirement of Mr Crouzet could, hopefully, give room for more transparency/ less self-satisfaction (we may be a bit optimistic here).
20 Feb 2020
FY19 OK and a massive capital increase: it did it again!
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FY19 OK and a massive capital increase: it did it again!
FY19 showed a degree of improvement but from a low FY18 basis A massive capital increase (€800m planned in Q2) as we long expected (contrary to management, as usual caught by surprise) The market development, seen as positive in EAMEA, could be more favourable in FY20 It remains that management’s credibility is hurt once again The retirement of Mr Crouzet could, hopefully, give room for more transparency/ less self-satisfaction (we may be a bit optimistic here).