Reported net income loss is better than expected, supported by top-line performance (revenues and earnings) above expectations, although lower on the adjusted side from lower impairment charges. Moreover, the removal of Conecta2 from the holding after the divestment of the company has no effect on 2016 estimates but slightly impacts the EPS of the group from 2017 as that was the year when the net income of the company was expected to push into positive territory.
31 May 2016
Target upgrade by 22.4% (Ebioss Energy)
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Target upgrade by 22.4% (Ebioss Energy)
Ebioss Energy AD (EBI:BME) | 0 0 5.9% | Mkt Cap: 8.13m
- Published:
31 May 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
2
Reported net income loss is better than expected, supported by top-line performance (revenues and earnings) above expectations, although lower on the adjusted side from lower impairment charges. Moreover, the removal of Conecta2 from the holding after the divestment of the company has no effect on 2016 estimates but slightly impacts the EPS of the group from 2017 as that was the year when the net income of the company was expected to push into positive territory.