Following a disappointing 2018, Daldrup & Söhne has embarked on a strategic realignment. Although the realignment will take some time to bear fruit, the outlook for FY19 appears more promising and the financial position of the company should improve after the recently announced disposals. For FY19 Daldrup & Söhne is expecting group revenue of €40m and a breakeven performance at the EBIT level. Based on consensus forecasts, the company is trading on an EV/Sales multiple
13 Jun 2019
Daldrup & Söhne - Improving outlook expected for 2019
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Daldrup & Söhne - Improving outlook expected for 2019
Daldrup & Soehne AG (4DS:ETR) | 0 0 2.4% | Mkt Cap: 69.7m
- Published:
13 Jun 2019 -
Author:
Graeme Moyse -
Pages:
4
Following a disappointing 2018, Daldrup & Söhne has embarked on a strategic realignment. Although the realignment will take some time to bear fruit, the outlook for FY19 appears more promising and the financial position of the company should improve after the recently announced disposals. For FY19 Daldrup & Söhne is expecting group revenue of €40m and a breakeven performance at the EBIT level. Based on consensus forecasts, the company is trading on an EV/Sales multiple