The group’s third quarter results came broadly in line with expectations. However, the top-line momentum did not show the expected acceleration needed to enable the group to meet its ambitious long-term financial targets. As the current global and domestic business climate is not expected to be particularly supportive in the coming quarters, this puts earnings projections at risk in our view.
06 Nov 2018
2021 objectives more and more demanding
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2021 objectives more and more demanding
Intesa Sanpaolo S.p.A. (ISP:WBO) | 0 0 1.0% | Mkt Cap: 52,671m
- Published:
06 Nov 2018 -
Author:
David Grinsztajn -
Pages:
2
The group’s third quarter results came broadly in line with expectations. However, the top-line momentum did not show the expected acceleration needed to enable the group to meet its ambitious long-term financial targets. As the current global and domestic business climate is not expected to be particularly supportive in the coming quarters, this puts earnings projections at risk in our view.