Report
CM.com : Preview Q4 and downgrade to Neutral
>Updating our model - In this note, we update our model and target price. We make deep cuts to our top-line forecasts, with revenues down 23% and gross profit down 18% versus our previous model. We expect the company to respond adequately and lower costs accordingly. We also lower our head count figure vs our previous estimates. Overall, our EBITDA forecasts are down materially for 2022, but this is largely a reflection of the € 4.2m one-off the company booked in H1 2...
Underlying
DUTCH STAR C SHAR
Provider
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.
Wim Gille
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