The FY figures were finally not too bad after the new management had surprisingly made another impairment, ending up at the upper end of its guidance.
In essence, there might be another loss-making year to come, which is already in our estimates, but even more meaningful to us is management’s commitment to deliver on its promises and it has to acquiesce to be tackled about its targets, which we see may not be quite so easy to reach.
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The FY figures were finally not too bad after the new management had surprisingly made another impairment, ending up at the upper end of its guidance.
In essence, there might be another loss-making year to come, which is already in our estimates, but even more meaningful to us is management’s commitment to deliver on its promises and it has to acquiesce to be tackled about its targets, which we see may not be quite so easy to reach.