15 Jun 2021
Cenkos: Vianet Group Plc -- Forecasting the recovery
The robustness of the operating model and management's action to support customers and manage the cost base led to Vianet generating positive operating cash flow in FY21A. There is a strong pathway to recovery but the full extent is somewhat caveated on a full reopening profile that is yet to be confirmed. We are forecasting the Group to be free cash flow positive this year and see upside in the price as new order momentum returns.
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Cenkos: Vianet Group Plc -- Forecasting the recovery
Vianet Group plc (VNET:LON) | 101 0 0.0% | Mkt Cap: 29.7m
- Published:
15 Jun 2021 -
Author:
Cavendish Research -
Pages:
7
The robustness of the operating model and management's action to support customers and manage the cost base led to Vianet generating positive operating cash flow in FY21A. There is a strong pathway to recovery but the full extent is somewhat caveated on a full reopening profile that is yet to be confirmed. We are forecasting the Group to be free cash flow positive this year and see upside in the price as new order momentum returns.