Bildkälla: Stockfoto

Footway: Cost and WC management in focus - SEB

Reflecting better-than-expected Q1 operating results, we lift our financial forecasts accordingly. Financial costs were higher than expected, offsetting our LBIT upgrades in 2023. Reflecting muted household discretionary spending in 2023, we expect challenging retail markets ahead, implying Footway will continue to focus on WC management: in Q1, the group turned to positive OCF. We maintain our mid-point equity value of SEK 6.50.

Reflecting better-than-expected Q1 operating results, we lift our financial forecasts accordingly. Financial costs were higher than expected, offsetting our LBIT upgrades in 2023. Reflecting muted household discretionary spending in 2023, we expect challenging retail markets ahead, implying Footway will continue to focus on WC management: in Q1, the group turned to positive OCF. We maintain our mid-point equity value of SEK 6.50.
Börsvärldens nyhetsbrev
ANNONSER