Aspo: Outlook remains solid despite exits - Evli

Aspo’s guidance upgrade arrived sooner than we expected.

Adj. EBIT will top the EUR 42.4m figure seen previous year

Aspo’s EBIT is likely to remain around EUR 40m in the coming years. It may be hard to significantly improve from that level considering the already favorable market outlooks, but we view valuation undemanding as our SOTP suggests equity value closer to EUR 10 per share. We retain our EUR 8.5 TP and BUY rating.

Länk till analysen i sin helhet: https://www.evli.com/hubfs/ERP/Raportit/Aspo/Aspo%20220616%20Company%20update.pdf