Adjusted for currency effects, sales last year still, but it depends on more or less temporary problem in Norway. Where the company has lost the contract with ICA Norge plus the entire market is weighed down by a debate about bacteria in chicken.
The rest of the Scandi Default goes well and cost savings seem to bite well. The company is the largest chicken producer and in Sweden, the company is best known for Kronfågel brand. Consolidated earnings per share excluding items affecting comparability was SEK 2.63 per share.
Because of the 2013 mergers and acquisitions, there is no continuous history of the company in its current form. The so-called pro forma earnings in 2013 were equivalent to 1.78 per share. The three analysts who report their projections to the database Factset had before the financial statements an average profit forecast of 4 per share for the 2015th
P / E ratio is after today’s rise thus 14 Now if the profit of the year despite continued feared problems in Norway is increasing as expected. Growth prospects in the short term remained a bit reluctant, but the food is a cyclically stable operations and chicken likely to hold up well against other kinds of meat.
The IPO took place on June 27 last year and the offering price was 40 SEK. Since then, the share is, after all, up by 31 percent. Lower financing costs and the implemented savings speaks for rising profits. Will the results lifted the market expects and a turnaround in Norway teaches the course continue up.
The valuation is lower than the market average, even though the company on the whole has a stable demand, makes the chance of appreciation is so long Exchange times are good. But expect a continuation bit shaky course trip.
The first dividend as a listed company from Scandi Standard is proposed to be 1.30 per share. It gives a moderate yield of 2.4 percent.
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