Carbios reported a profit, for the first time in its history, in 2016. First commercial revenues from the Carbiolice JV were the key driver behind the strong results. We have upgraded our forecasts and estimate that the company is funded through 2017 but may require additional financing in 2018. Our valuation range remains unchanged at €23-37 per share.
11 Apr 2017
First time profitable
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First time profitable
Carbios SA (ALCRB:PAR) | 0 0 0.3% | Mkt Cap: 36.5m
- Published:
11 Apr 2017 -
Author:
Catharina Hillenbrand-Saponar -
Pages:
5
Carbios reported a profit, for the first time in its history, in 2016. First commercial revenues from the Carbiolice JV were the key driver behind the strong results. We have upgraded our forecasts and estimate that the company is funded through 2017 but may require additional financing in 2018. Our valuation range remains unchanged at €23-37 per share.