PLASTIC OMNIUM : Stifel raises its target
FCF for 2023 should prove robust (underlying at around +300 million euros in our opinion), and subsequent debt reduction will be further helped by a favorable windfall of 54 million euros (disposal of real estate assets)", he believes.
The broker appreciates 'management's transparency on the 'PO Lighting' roadmap, according to which revenues may plunge next year, but profits may not erode compared with 2023, helped by ongoing efficiency gains'.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Go to the original article.
Contact us to request a correction