The Q123 results came in slightly short of expectations.
This was due to destocking in Europe as well as a price/cost squeeze.
Q223 should be in a similar vein and may lead us to revise our forecasts downwards (note however that we were higher than the consensus).
Our target price is likely to end lower after this revision.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A tougher environment.
The Q123 results came in slightly short of expectations.
This was due to destocking in Europe as well as a price/cost squeeze.
Q223 should be in a similar vein and may lead us to revise our forecasts downwards (note however that we were higher than the consensus).
Our target price is likely to end lower after this revision.