Report
(Sponsored) Triodos Bank - As Good as It Gets
After record top-line and profits in 2023, further progress looks challenging because growth in NII slowed down faster than we had expected.In response, we lower our top-line estimates for FY24/25/26 by 6-8%. The impact on profits is bigger as we kept our opex estimates broadly unchanged. We cut our EPS estimates by 18%, 22%, and 23% respectively.We set our new target valuation range at EUR 35-49 (from EUR 46-59).
Underlying
Triodos Bank
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.
Michael Roeg
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