Spread Research - Lectas weak 1Q18 once more reflects unattractive business mix

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Spread Research

Joan Sehim

Lecta's weak 1Q18 once more reflects unattractive business mix

Lecta, the Spanish paper producer, reported last week weak 1Q18 results with broadly stable sales yoy at €375m but with a sharp decline in EBITDA to €25m against €30m last year. The level of activity during the quarter was disappointing and well below the market average.

07/06/2018 2 EN

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Spread Research

Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.

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Analysts

Joan Sehim

Other Reports from Spread Research

Joan Sehim

Joan Sehim

Gamenet 2q18 - sport payout change offsets regulation impact, goldbet to boost profitability

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Lecta's weak 1Q18 once more reflects unattractive business mix

Gamenet 2q18 - sport payout change offsets regulation impact, goldbet to boost profitability

INTRALOT- Special Comment

IQVIA- 2Q18 Comments

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