The Asia Pacific region showed a strong margin improvement in Q3 19. The good progress in India was driven by price and the easing cost inflation despite softer demand. Following this earnings release, we expect to keep our recommendation unchanged with a somewhat higher target price.
25 Oct 2019
Q3 19: good sales growth but deceleration in EBITDA
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Q3 19: good sales growth but deceleration in EBITDA
The Asia Pacific region showed a strong margin improvement in Q3 19. The good progress in India was driven by price and the easing cost inflation despite softer demand. Following this earnings release, we expect to keep our recommendation unchanged with a somewhat higher target price.