Bildkälla: Stockfoto

Aspo: Focus shifting to next year soon - Nordea

Q2 2020 was not easy for Aspo and Q3 could be worse. There is no fast recovery in sight for Q4 2020 either, but cost savings should secure decent profitability in the short term.

The company's liquidity is not a problem and cash flow has remained strong. The balance sheet is stretched but we expect Aspo to survive the current market turmoil without bigger problems. Aspo still cannot offer full-year guidance due to its uncertainty. We forecast revenue growth of -14% for 2020 with the EBIT margin declining to 2.7%.

We estimate a 2021 EBIT margin of 5% but highlight considerable uncertainty in the shipping market, the Russian economy, and wider consumer confidence.
Börsvärldens nyhetsbrev
ANNONSER