We believe the announcement of the distribution agreement with T-Systems (part of Deutsche Telekom) highlights the attractiveness of EU Supply. It allows EU Supply to access one of the biggest markets in Europe with a first-class partner ahead of the EU directives on e-procurement becoming mandatory by October 2018. Given that our FY2017 forecast for EU Supply’s revenue is becoming increasingly underpinned there is the potential for both our forecast and our 15p target price to increase
08 Dec 2016
German distribution agreement
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German distribution agreement
EU Supply (EUSP:LON) | 0 0 (-6.0%) | Mkt Cap: 8.50m
- Published:
08 Dec 2016 -
Author:
Robert Sanders -
Pages:
2
We believe the announcement of the distribution agreement with T-Systems (part of Deutsche Telekom) highlights the attractiveness of EU Supply. It allows EU Supply to access one of the biggest markets in Europe with a first-class partner ahead of the EU directives on e-procurement becoming mandatory by October 2018. Given that our FY2017 forecast for EU Supply’s revenue is becoming increasingly underpinned there is the potential for both our forecast and our 15p target price to increase