Management has raised its 2016 guidance and also increased its 2018 outlook. Revenue and EBIT numbers of €112bn and €5.5bn for the current year are very much in line with our expectations (€113.5bn and €5.4bn, respectively). However, management is overly optimistic for the next two years. By 2018, revenue is expected to reach €136bn (+10% p.a.) and EBIT between €8.7bn and €9.8bn (the middle yields an annual appreciation of 30%). At a time when the US market
12 Sep 2016
2016 targets raised and new 2018 projections unrealistically high
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2016 targets raised and new 2018 projections unrealistically high
Stellantis N.V. (STLA:WBO) | 0 0 0.3% | Mkt Cap: 34,343m
- Published:
12 Sep 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Management has raised its 2016 guidance and also increased its 2018 outlook. Revenue and EBIT numbers of €112bn and €5.5bn for the current year are very much in line with our expectations (€113.5bn and €5.4bn, respectively). However, management is overly optimistic for the next two years. By 2018, revenue is expected to reach €136bn (+10% p.a.) and EBIT between €8.7bn and €9.8bn (the middle yields an annual appreciation of 30%). At a time when the US market