Delivers on expectations, strong 51% y-o-y growth and profitability. Outlook unchanged, tougher comps from Q4, discusses cash balance. Trading at 13-6x '23e-'25e EV/EBIT, ~70-50% below peers.

20 Oct 2023
Cash keeps on flowing

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Cash keeps on flowing
- Published:
20 Oct 2023 -
Author:
Henric Hintze | ABGSC Chemicals Research | Lara Mohtadi -
Pages:
12 -
Delivers on expectations, strong 51% y-o-y growth and profitability. Outlook unchanged, tougher comps from Q4, discusses cash balance. Trading at 13-6x '23e-'25e EV/EBIT, ~70-50% below peers.