Report
NX Filtration - Strengthening its financial position
NX Filtration strengthened its financial position by raising EUR 25.5m equity and issuing at least EUR 20m debt.This EUR 45m cash inflow should allow NX Filtration to execute its strategy and show the market that the strong demand will convert into real orders. Although we were expecting a different financing, we are pleased that the overhang of a capital increase is taken away.We reiterate our Buy rating but due to the capital increase our DCF based TP comes down from EUR 5.50 to EUR 5.20.
Underlying
NX FILTRATION HLDG BV
Provider
Degroof Petercam
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Fernand de Boer
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