A number of set-backs since the launch of the current strategy, and cumulative downgrades of c25%, have dashed optimism and damaged sentiment leaving the P/E on 11.8x cal’16. The high was 20x when hopes of faster growth rates boosted sentiment. However, strategic changes are visibly gaining traction and all KPIs are now trending in the right direction including, critically, increasing the EBIT margin. With sizeable savings also appearing on the horizon, the growth outlook is brightening. Sentime ....


Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Plus-size benefits appearing on the horizon
- Published:
26 Feb 2016 -
Author:
Matthew McEachran -
Pages:
5 -
A number of set-backs since the launch of the current strategy, and cumulative downgrades of c25%, have dashed optimism and damaged sentiment leaving the P/E on 11.8x cal’16. The high was 20x when hopes of faster growth rates boosted sentiment. However, strategic changes are visibly gaining traction and all KPIs are now trending in the right direction including, critically, increasing the EBIT margin. With sizeable savings also appearing on the horizon, the growth outlook is brightening. Sentime ....