Wednesday, 23 September 2015

BoConcept: More upgrades....

BoConcept just boost targets again.

They say Q1 sales growth has continued into Q2 (Q1 was +16%) so they upgrade FY sales growth to 5%. My guess that is both conservative and also already anticipated by the single analyst. They also boost ebit margin targets to 5-6%. Though again perhaps anticipated that effectively puts them one year ahead of schedule in the restructuring plan.

Small upgrades likely and a single digit PE. I'm buying more....

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