Saint-Gobain: rating under review by UBS analyst
(CercleFinance.com) - Saint-Gobain warns that "As expected, guidance for organic EBIT growth is withdrawn.
There is also some colour on trading conditions (without quantification)," UBS says.
UBS says that mitigation measures include: "Mitigation measures include: (1) "much greater" cut in capex (over and above the E200m y/y reduction guided in February); (2) expense deferral and use of local unemployment and partial unemployment schemes to reduce costs; and (3) tight working capital management."
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
There is also some colour on trading conditions (without quantification)," UBS says.
UBS says that mitigation measures include: "Mitigation measures include: (1) "much greater" cut in capex (over and above the E200m y/y reduction guided in February); (2) expense deferral and use of local unemployment and partial unemployment schemes to reduce costs; and (3) tight working capital management."
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.