Analyst Fabian Piasta of Jefferies maintained a Hold rating on Bossard Holding AG (0QS5 – Research Report), retaining the price target of CHF203.00.
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Fabian Piasta has given his Hold rating due to a combination of factors impacting Bossard Holding AG’s financial performance. The company reported a decline in EBIT for the second half of the fiscal year 2024, attributed to low capacity utilization and a weak performance in the US market. Despite these challenges, the EBIT margin aligned with both guidance and consensus, indicating effective cost management.
The net profit for the fiscal year decreased slightly, yet it surpassed consensus expectations, with management proposing a slightly reduced dividend. However, the company’s operating cash flow and free cash flow experienced significant declines. Additionally, due to uncertain demand from key sectors like automotive and machinery, particularly in Europe, management has opted not to provide guidance for 2025, contributing to the Hold rating.
According to TipRanks, Piasta is ranked #1751 out of 9385 analysts.