Available market data for online site traffic and AOV developments during the important high season (i.e. Black Week) suggest weaker online retail trading. Adding concerns on supply chain amid Covid-19 restrictions, we cut our sales growth and gross margin forecasts for Footway Group in mainly Q4 – and in Q1 2022. Still, our sales estimates imply a 28% CAGR over 2021-23. Our revised mid-point DCF-based equity value equals SEK 30 (SEK 39).
LÄS MER