Analyst Research Report Snapshot

Title:

PSI - ISSUES TO BE IRONED OUT, SOLID LONG-TERM PROSPECTS

Price:

$10.00

Provider:

Edison Investment Research

Date:

06 Aug 2013

Pages:

6

Type:

AcrobatPDF

Companies referenced:

PSAGn.DE

Available for Immediate Download
Summary:

Progress in H1 was hampered by continued weak demand in the German energy market and execution issues on two logistics projects in the Production Management division. As a result, we bring back 2013 and 2014 EPS by 12%, although we believe these estimates are now cautiously struck. Looking through the near term, we still believe the underlying demand fundamentals remain solid. EPS growth should be supported by a margin expansion trajectory, which has plenty further to run. However, a recovery in top-line momentum is likely to be needed before more aggressive margin expansion can be priced in.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.