Report
NX Filtration - Visibility hit, but confidence in technology intact
In January NX warned that due to slow decision processes at its customers the rollout of its business plan experienced a delay of some 1.5 years. This news not only raised questions on the visibility of the roll-out, but also the financial position became an issue, sending the share price to even a low of EUR 2.55. Based on the news and financial reports we have reviewed our estimates and TP which we cut from EUR 11.97 to EUR 5.50. However, we maintain our Buy rating, as we gained even more confidence in the technology of NX Filtration.
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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