Q4 results exceeded expectations on higher volumes
Cash flow was also quite strong and the group’s balance sheet remains solid
The outlook for Q1 21 is positive on volumes and prices
The group will also benefit from the cost-cutting carried out in FY20
We will revise upwards our forecasts and target price
01 Feb 2021
FY20 above expectations and a positive outlook for Q1 21
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FY20 above expectations and a positive outlook for Q1 21
Q4 results exceeded expectations on higher volumes
Cash flow was also quite strong and the group’s balance sheet remains solid
The outlook for Q1 21 is positive on volumes and prices
The group will also benefit from the cost-cutting carried out in FY20
We will revise upwards our forecasts and target price