Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Press release

Västra Hamnen Market Focus: USWE: Sales dip due to supply issues

USWE Sports
  • Low cash holdings likely to recover during coming quarters
  • Marketing spend set to increase as sporting events return
  • We maintain our valuation interval of SEK 73.00 – 92.00 per share

USWE reported lower net sales compared to our estimate for Q4 of fiscal year 2021/22, which is the period January – March 2022. Corrected for acquisitions and changes in foreign exchange rates, turnover actually shrank by 5.5 percent. However, the outcome is largely explained by disturbances in the supply chain and not by a lack of demand. For the whole of fiscal year 2021/22, sales grew by 88 percent, thus confirming our growth case. We make a few adjustments in our forecast model, principally a somewhat lower growth path of sales for the next few years. The overall long-term scenario is on the other hand intact, and we maintain our fair value estimate for the share.

The full report is available here.

About Market Focus


The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
Web: vhcorp.se
Twitter: @vhcorp_se (https://twitter.com/vhcorp_se)

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.