Le JavaScript est désactivé sur votre navigateur. Le site ne sera pas entièrement fonctionnel. Pour utiliser l'ensemble des services de ce site, réactivez JavaScript.
The EPS are down as we have adjusted our estimates following the H1 update. All in all, we have increased the cost base slightly, justified by the restarting of the services division and the end of temporary unemployment measures.
The NAV is down as we have trimmed our valuation for the audit & inspection division, taking the average of the EBIT for FY23-24, at €0.33m vs €0.4m previously, and using a multiple of 8.5x vs 9x previously, as a discount against our estimates.
The DCF is down on our lower estimates for FY21 and FY22, with EBITDA down by c. €250k for FY21 and €120k for FY22.