Report
Luuk Van Beek

Ebusco - Another miss

2023 results clearly missing guidance and estimates due to new delaysLarge cash burn due to losses and high inventoriesReiterates FY2024 guidance for >EUR 325m in revenues and positive EBITDA, adding that EBITDA will be H2 weightedHold maintained, TP cut from EUR 5.00 to EUR 3.50. Ebusco is in our underperformance list
Underlying
EBUSCO HLDG NV

Provider
Degroof Petercam
Degroof Petercam

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Analysts
Luuk Van Beek

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