Västra Hamnen: Hövding - The pandemic delays growth story
Västra Hamnen Corporate Finance has released a research update on Hövding following the company's report for Q1 2020. The reported figures show that Hövding was hit by the corona crisis in March and we fear that the effects will linger. The growth path will likely be delayed and we lower our fair value range for the share to 14.40 - 21.30 SEK per share, writes Västra Hamnen.· Disappointing sales and gross margin in Q1 · The company sees tentative signs of improvement in the market · We expect lingering effects and cut our outlook and valuation range We worried that COVID-19 and