Hövding: Uncertain times ahead

Hövding: Uncertain times ahead Västra Hamnen Corporate Finance has released a research update on Hövding Sverige AB. In light of the current uncertainty and probable drop in household spending, we lower our sales estimates for Hövding this year. Our valuation model thus points to a lower valuation range of SEK 16.20 - 23.60 per share. · Virus-related uncertainties make us lower our sales forecast · Recently closed equity issue secures financing until breakeven · We cut our fair value interval to SEK 16.20 – 23.60 per share These are trying times for all businesses, and not least for those in consumer-facing industries. Due to the COVID-19 pandemic there are disruptions of supply lines. In addition, as more and more people practice “social distancing”, customers stay away from physical stores and restaurants. Nobody knows how deep and how long the slump will be, but it would be imprudent not to risk-adjust sales scenarios for consumer goods companies at the present stage. The full report is available here (https://www.vhcorp.se/uploads/1372_H%c3%b6vding_update_200318.pdf?pdf=H%C3%B6vding_update_200318.pdf). The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering. This is a press release from Västra Hamnen Corporate Finance AB.  Web: vhcorp.se Twitter: @vhcorp_se (https://twitter.com/vhcorp_se) ------------------------------------------------------------ Denna information skickades av Cision http://news.cision.com/se https://news.cision.com/se/hovding-sverige-ab/r/hovding--uncertain-times-ahead,c3062651