Aug 31st 2012 - Edison Investment Research today published a report on Greiffenberger entitled "Undervalued". In summary, the report says:
H112 showed substantial organic growth with EBITDA up 23% and a stable export quota of 60% providing additional top-line diversification. The company is on track to reach the guidance and deliver substantial 10% plus EBIT growth this year. Successful ongoing restructuring in H2 should support continuing margin improvement, reduce working capital requirements and improve the net debt position. The P/E rating of c 9x 2012e does not fully reflect strong positions in its niche markets, the diversified portfolio or its growth profile – EPS is up 44% h-o-h.
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