ACS


03/12/18 -"As expected, we made only minor changes to our model and we keep our Buy recommendation unchanged."

Pages
49
Language
English
Published on
03/12/18
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03/12/18
As expected, we made only minor changes to our model and we keep our Buy recommendation unchanged.

03/12/18
As expected, the changes have a controlled impact on our EPS forecasts. We have kept our FY18 EPS mainly unchanged, while we have lowered our FY19 ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

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