Solid 3Q sales
Cabka reported 3Q sales of EUR50m, up 23% y-o-y, with 9M sales of EUR152m, up 25% y-o-y. 3Q is likely to have been impacted, to a degree, by flooding at Cabka''s US facility in August, which resulted in the redeployment of manufacturing capacity to 3rd party sites and has probably pushed production/sales into 4Q. Our revised H2 sales forecast of EUR104.3m is down ~7% from our prior estimate, however, since this is driven by zero margin pass-through input cost assumptions our adju ....

31 Oct 2022
Tempering input cost assumptions

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Tempering input cost assumptions
Solid 3Q sales
Cabka reported 3Q sales of EUR50m, up 23% y-o-y, with 9M sales of EUR152m, up 25% y-o-y. 3Q is likely to have been impacted, to a degree, by flooding at Cabka''s US facility in August, which resulted in the redeployment of manufacturing capacity to 3rd party sites and has probably pushed production/sales into 4Q. Our revised H2 sales forecast of EUR104.3m is down ~7% from our prior estimate, however, since this is driven by zero margin pass-through input cost assumptions our adju ....