The Q2 22 results were pretty decent given the context
They still showed a decrease compared to Q1, mainly due to cost inflation
We will revise down our estimates, mainly in terms of margin for the current year
Our price target will go down, but our recommendation will remain unchanged at this level of valuation
15 Jul 2022
Q2 22: slowdown in the topline with higher costs.
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Q2 22: slowdown in the topline with higher costs.
- Published:
15 Jul 2022 -
Author:
Fabrice Farigoule -
Pages:
3
The Q2 22 results were pretty decent given the context
They still showed a decrease compared to Q1, mainly due to cost inflation
We will revise down our estimates, mainly in terms of margin for the current year
Our price target will go down, but our recommendation will remain unchanged at this level of valuation