Nothing seems to be going right for Ceconomy at present. Today’s profit warning has cast serious questions on the strength of Ceconomy’s business model, especially regarding its ability to generate positive growth and margins in the home country Germany. A solid performance during the peak trading season ‘Black Friday to Christmas’ is the next vital trigger in the near-term. Our earnings estimates and target price are reset significantly lower. The stock recommendation
09 Oct 2018
Yet another profit warning; investors take flight
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Yet another profit warning; investors take flight
Nothing seems to be going right for Ceconomy at present. Today’s profit warning has cast serious questions on the strength of Ceconomy’s business model, especially regarding its ability to generate positive growth and margins in the home country Germany. A solid performance during the peak trading season ‘Black Friday to Christmas’ is the next vital trigger in the near-term. Our earnings estimates and target price are reset significantly lower. The stock recommendation