Scor Reports Strong Full-Year Results
Scor reported a nice set of 2016 results. The business reported net income below our expectations, but a one-off tax impact for adjusting to new French corporate tax rates affected net income negatively by EUR 57 million. Scor is on a very solid footing, and we expect results to continue improving. We do, however, want to see the full year-end balance sheet before revising our estimates, and we expect any revision to be within a 10% range. For now, we are maintaining our fair value estimate of E...
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