Investor SentimentThe sales guidance revisions are disappointing, also in light of the recent Capital Markets Day where management outlined the ambition of delivering '4% and more' over the medium term.
Market ExpectationsThe '4%, aiming for more' top-line mid-term target is considered too optimistic until Indonesia is improved.
Sales GuidanceManagement slightly revised down full-year sales guidance, now expecting +3-4% FX-Neutral.