Hanza Holding: Rough 2020 – Long term winner on regionalization
Research Note
2020-04-02
07:27
Redeye revises its forecasts for Hanza Holding due to the Corona crisis. While we reduce 2020 sales and EBITA forecasts by 11% and 46%, we believe that a larger focus on supply chain durability will benefit Hanza in the long run. We reduce our Base case but remain positive to the stock.
FN
Fredrik Nilsson
Disclosures and disclaimers