Report
Michael Roeg

(Sponsored) Triodos Bank - Discounting a tougher interest rate environment

We have lowered our earnings estimates based on a cooling interest rate environment, cost inflation in general, and higher than expected legal costsThe impact on adjusted EPS is resp. -6%, -10%, and -19% for 2024/25/26We introduce a target price of EUR 34 (previously target valuation range of EUR 35-49), and a Hold rating (previously no rating)
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Degroof Petercam
Degroof Petercam

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Michael Roeg

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