Focus Entertainment delivered another solid beat thanks to solid execution on its key games and MandA. Group''s transition toward a more integrated model with higher ownership of IPs has started to pay off and should continue in the mid to long term. Focus Ent is well positioned to generate 10% sales and adj. EBIT growth per year over the next three years driven by strong line-up (46 games secured). New valuation range is EUR40 to EUR70.
FY 23 adj. EBIT up materially YoY driven by organic growth ....
16 Jun 2023
Solid execution in FY23, great outlook for FY 24
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Solid execution in FY23, great outlook for FY 24
- Published:
16 Jun 2023 -
Author:
Langlet Nicolas NL -
Pages:
8
Focus Entertainment delivered another solid beat thanks to solid execution on its key games and MandA. Group''s transition toward a more integrated model with higher ownership of IPs has started to pay off and should continue in the mid to long term. Focus Ent is well positioned to generate 10% sales and adj. EBIT growth per year over the next three years driven by strong line-up (46 games secured). New valuation range is EUR40 to EUR70.
FY 23 adj. EBIT up materially YoY driven by organic growth ....