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Solid foundations for growth

  • 26 May 2016

Solid foundations for growth


Prodware SA (ALPRO:PAR) | 0 0 -0.2% | Mkt Cap: 96.9m


  • Edison
    • Ian Robertson

    • 4 pages

IT services image



 
IT services image



The Q1 revenues release shows that with revenues of €42.5m in Q1 Prodware continues to make solid progress (+2.6% Q1 on Q1 underlying growth) and that there are also signs of a turnaround in the Benelux and all important German markets. The €79m debt restructuring post year-end leaves Prodware well financed to achieve its ambitious medium-term growth objectives. The shares, however, continue to trade on substantial and undeserved multiple discounts to comparators.


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Solid foundations for growth


Prodware SA (ALPRO:PAR) | 0 0 -0.2% | Mkt Cap: 96.9m


  • Published: 26 May 2016
  • Author: Ian Robertson
  • Pages: 4
  • Edison


The Q1 revenues release shows that with revenues of €42.5m in Q1 Prodware continues to make solid progress (+2.6% Q1 on Q1 underlying growth) and that there are also signs of a turnaround in the Benelux and all important German markets. The €79m debt restructuring post year-end leaves Prodware well financed to achieve its ambitious medium-term growth objectives. The shares, however, continue to trade on substantial and undeserved multiple discounts to comparators.



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