HHLA slashed its FY23 guidance on weaker volumes and the economic outlook. Our forecasts will be reduced to align with this new outlook. However, given the persistent weakness in the share price since the beginning of the year, in our view these results have somewhat confirmed investors’ fears, thus limiting the post-release negative sentiment. Overall, these implied lower cash generation expectations, coupled with rising interest rates, are becoming increasingly worrying in terms of HHLA’s abil ....
16 Aug 2023
Q2 23: A weaker economic outlook leads to lower forecasts
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Q2 23: A weaker economic outlook leads to lower forecasts
Hamburger Hafen und Logistik AG (HHFA:ETR) | 0 0 0.0%
- Published:
16 Aug 2023 -
Author:
Valentin Mory -
Pages:
3
HHLA slashed its FY23 guidance on weaker volumes and the economic outlook. Our forecasts will be reduced to align with this new outlook. However, given the persistent weakness in the share price since the beginning of the year, in our view these results have somewhat confirmed investors’ fears, thus limiting the post-release negative sentiment. Overall, these implied lower cash generation expectations, coupled with rising interest rates, are becoming increasingly worrying in terms of HHLA’s abil ....