Following tough tomato campaigns in 2015 and 2016, La Doria management has delivered another quarter of results in line with expectations. The overarching strategy of shifting the production mix towards non-seasonal, value-added products with higher operating margins and lower volatility remains in place, and some recovery should come through from Q4 this year. The shares continue to trade at a significant P/E discount to their peers, and our DCF value of €12.49 (from €12.59) sugges
07 Jun 2017
As expected
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As expected
- Published:
07 Jun 2017 -
Author:
Sara Welford -
Pages:
11
Following tough tomato campaigns in 2015 and 2016, La Doria management has delivered another quarter of results in line with expectations. The overarching strategy of shifting the production mix towards non-seasonal, value-added products with higher operating margins and lower volatility remains in place, and some recovery should come through from Q4 this year. The shares continue to trade at a significant P/E discount to their peers, and our DCF value of €12.49 (from €12.59) sugges