Report

Outlook: An increasingly healthy outlook

La Doria’s share price is up 72% since we initiated coverage in December 2013. Despite this, we still calculate double-digit upside on both DCF and benchmark analysis. As a result of its very strong nine-month results reported on 13 November, we have upgraded our earnings forecasts for 2014-16 by c 6%, although we highlight that this does not yet reflect the recent acquisition of Pa.fi.al. Srl Group (Pfa), which we expect to be double-digit earnings accretive in its first full year.
Underlying
La Doria

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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