Lower visibility ahead
TARGET CHANGE
CHANGE IN EPS
2022 : € (1.11) vs 1.00 ns
2023 : € (0.59) vs 1.12 ns
We have trimmed our earnings expectations for FY22 onwards on the back of the disappointing FY21 results and an uncertain outlook for the year ahead.
During Q1 22, the group sold the majority of its shares in Koro.
Koro had been the fastest-growing asset, and the group had combined Koro with other food brands in a new wholly-owned subsidiary – Food Chain GmbH previously. Although ....
