Bildkälla: Stockfoto

Footway: Retailing, without the goods - SEB

Footway Group, a leading online retailer of footwear and sportswear goods, has been facing headwinds from production, as well as supply chain issues, implying no or late deliveries of in-season stock-in-trade. We view its highly automated e-commerce platform (back-end and front-end) as a significant growth and margin opportunity as the online retail market normalises. Based on downgraded sales and EPS, our revised mid-point value is SEK 12 (SEK 13).

Footway Group, a leading online retailer of footwear and sportswear goods, has been facing headwinds from production, as well as supply chain issues, implying no or late deliveries of in-season stock-in-trade. We view its highly automated e-commerce platform (back-end and front-end) as a significant growth and margin opportunity as the online retail market normalises. Based on downgraded sales and EPS, our revised mid-point value is SEK 12 (SEK 13).
Börsvärldens nyhetsbrev
ANNONSER