The Chilean concessions asset have been partly sold with very good timing but also resulting in a new layer of complexity added to an already complex company. Following these results, we expect to increase our EBITDA, decrease our net profit and increase net debt and capex. Overall, we expect a positive impact on our target price in the vicinity of 5-10%.
15 Nov 2019
9m19: new layer of complexity, right timing for partial divestment of the Chilean concession
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9m19: new layer of complexity, right timing for partial divestment of the Chilean concession
Sacyr SA (VHM:STU) | 0 0 2.6% | Mkt Cap: 1,382m
- Published:
15 Nov 2019 -
Author:
Felix Brunotte -
Pages:
3
The Chilean concessions asset have been partly sold with very good timing but also resulting in a new layer of complexity added to an already complex company. Following these results, we expect to increase our EBITDA, decrease our net profit and increase net debt and capex. Overall, we expect a positive impact on our target price in the vicinity of 5-10%.