Report
Unifiedpost Group - A slow start to the year
The Q1-24 sales update was a miss, so we lowered our sales estimates.However, we also lowered our opex estimates due to stronger than expected job cuts. On balance, we slightly lifted our EBIT estimates.We lift our TP to EUR 3.1 (from EUR 2.8) due to slightly higher earnings estimates and a slightly lower WACC in our DCF-model (12.4% vs. 12.7%).
Underlying
UnifiedPost Group
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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