Q2 miss and guidance downgrade for H2. EBIT cut by 15-37% and risk on H2e in our view. Long-term interesting but at 43x '24e EV/EBIT; we stick to HOLD.

20 Jul 2023
Putting its faith in Q4

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Putting its faith in Q4
- Published:
20 Jul 2023 -
Author:
Daniel Thorsson | Simon Granath | ABGSC Consumer Goods Research -
Pages:
10 -
Q2 miss and guidance downgrade for H2. EBIT cut by 15-37% and risk on H2e in our view. Long-term interesting but at 43x '24e EV/EBIT; we stick to HOLD.