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Cherry AG : Second profit warning of 2022
>Getting slightly optimistic about Gaming performance in 2023 - Based on the second profit warning of 2022, the company expects a “strong decline in revenue” in GAMING segment for FY 2022 vs previous guidance of “slight increase”. The fact that management cannot put out a quantitative guidance suggests to us that there is a very low degree of certainty and visibility in this business line in the ST. This is a clear negative. On the back of the new guidance, we reduce...
Underlying
CHERRY AG
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Julian Dobrovolschi
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