The Q3 21 came as no surprise after the release of preliminaries in late October.
They showed a still strong profitability on the back of firm prices.
The market was probably surprised that the guidance was not revised upwards.
It may also have to wait for the new CEO to present his strategy in early 2022.
We will revise our numbers and valuation upwards on the back of this release.
12 Nov 2021
Q3 21 OK, with guidance that now looks cautious
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Q3 21 OK, with guidance that now looks cautious
The Q3 21 came as no surprise after the release of preliminaries in late October.
They showed a still strong profitability on the back of firm prices.
The market was probably surprised that the guidance was not revised upwards.
It may also have to wait for the new CEO to present his strategy in early 2022.
We will revise our numbers and valuation upwards on the back of this release.