Following the release of the 2015 annual results, we have updated our model. We have made only minor changes to our forecast. Note that we still expect the number of shares to cross the 50m threshold in the next few years, a sharp increase compared to the 2.5m shares in 2009. We also continue to forecast an EBITDA margin in the vicinity of 20% by 2018 onwards and an EBITDA growth rate of 7% between 2018 and 2026. Note also that should the company manage to raise capital at €2 per share,
17 May 2016
EPS upgrade (2015: from € -0.45 to -0.54, 2016: from € -0.09 to 0.00) (Gaussin)
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EPS upgrade (2015: from € -0.45 to -0.54, 2016: from € -0.09 to 0.00) (Gaussin)
Following the release of the 2015 annual results, we have updated our model. We have made only minor changes to our forecast. Note that we still expect the number of shares to cross the 50m threshold in the next few years, a sharp increase compared to the 2.5m shares in 2009. We also continue to forecast an EBITDA margin in the vicinity of 20% by 2018 onwards and an EBITDA growth rate of 7% between 2018 and 2026. Note also that should the company manage to raise capital at €2 per share,