... the information provided leaves us a bit puzzled. In our view, the given guidance and dividend proposal do not fit well. Furthermore, DSM’s FY adjusted figures were moderately above consensus (+1%), but they were a clear miss to our hard profitability figures (EBITDA: -7%), which demands a deeper look. However, the recently shaped more pronounced nutrition company reported resilient figures against the backdrop of the pandemic.
We dislike the new reporting frequency.
16 Feb 2021
Basically good, but ...
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Basically good, but ...
Downing Strategic Micro-Cap Investment Trust PLC GBP (DSM:LON) | 0 0 0.0% | Mkt Cap: 28.7m
- Published:
16 Feb 2021 -
Author:
Martin Schnee -
Pages:
3
... the information provided leaves us a bit puzzled. In our view, the given guidance and dividend proposal do not fit well. Furthermore, DSM’s FY adjusted figures were moderately above consensus (+1%), but they were a clear miss to our hard profitability figures (EBITDA: -7%), which demands a deeper look. However, the recently shaped more pronounced nutrition company reported resilient figures against the backdrop of the pandemic.
We dislike the new reporting frequency.