Management has passed by an opportunity to bring the company back into investors’ minds, but some vague plans and unspecified financial needs do not push the needle. Management had not prepared well to answer investors’ questions. It’s a pity.
Reported figures were solid but still impacted by higher energy prices coming in 3.5% and 4.8% above our expectations. Management remained also quite vague when it came to the Q2 outlook and remained hesitant in giving a FY one.
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The missed big bang
Management has passed by an opportunity to bring the company back into investors’ minds, but some vague plans and unspecified financial needs do not push the needle. Management had not prepared well to answer investors’ questions. It’s a pity.
Reported figures were solid but still impacted by higher energy prices coming in 3.5% and 4.8% above our expectations. Management remained also quite vague when it came to the Q2 outlook and remained hesitant in giving a FY one.