The absence of disclosure of lfl EBITDA growth ex-IFRS 16 is a shame. The significant net debt increase as well as the many adjustments to be made in net profits means that there are too many moving parts to express a clear impact on our target price, but what we can say is that we intend to keep our Buy recommendation albeit with a lower target price.
12 Nov 2019
9m 19: no disclosure of lfl EBITDA growth ex-IFRS 16
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9m 19: no disclosure of lfl EBITDA growth ex-IFRS 16
Fomento de Construcciones y Contratas, S.A. (FCC:FRA) | 0 0 0.9% | Mkt Cap: 3,516m
- Published:
12 Nov 2019 -
Author:
Felix Brunotte -
Pages:
3
The absence of disclosure of lfl EBITDA growth ex-IFRS 16 is a shame. The significant net debt increase as well as the many adjustments to be made in net profits means that there are too many moving parts to express a clear impact on our target price, but what we can say is that we intend to keep our Buy recommendation albeit with a lower target price.