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Popular Zocker Stock – Evolva Share Weaker By Numbers News

Monday, August 14th, 2017 | Economy

The stock of Evolva is popular among investors because of their strong price swing. However, as the half-year result posted on Monday morning shows, the company specializing in food additives is still in a survival struggle.
At 3.6 million Swiss francs, sales clearly missed analysts' estimates of 5.1 million Swiss francs. On a yearly comparison, Evolva even fell slightly. As a result, the net loss of CHF 20.3 million is higher than expected. Experts questioned by the AWP news agency expected an average deficit of 19.3 million Swiss francs.
Cash and cash equivalents amounted to 34 million Swiss francs at the end of the year, compared to 47.5 million Swiss francs at the end of December last year. It is also disappointing who hoped for information on the future strategy during the results release. The new CEO, Simon Waddington, does not want to look into the cards.
On the Swiss stock exchange SIX the Evolva share is punished at the moment with a minus of 2.2 per cent to 0.45 Swiss francs. This is just under 40 percent below the level at the end of December.
The analyst of Bank Vontobel reports as one of the first of her professional group. Their forecasts were clearly exceeded by product sales, she writes. In return, she is disappointed with the project sales, which have fallen considerably below expectations. The same applies to the statements made by the company regarding the respective sales development this year.
A capital increase is in the air
According to the Vontobel expert, initial steps have been taken to guide the company in the right direction. This applies both to the cost side as well as to the strategic focus. The two key projects Nootkatone and EverSweet seem to develop according to the bank's forecasts. Say: The approval of Nootkatone in the USA is expected for the second half of next year, the market launch of EverSweet is scheduled for 2018.
The analyst wants to make adjustments to her forecasts. While holding on to the "investment" appendix for the share, it takes the price target of 0.65 Swiss francs into negative revision.
The liquid assets that are already melting down are also a source of discussion. As the analyst for Bank Vontobel wrote in the outlook for the half-year results, Evolva is unlikely to get around a capital increase. In their view, however, the company needs to point out to the shareholders where it is going to be strategic in the future. It has so far classified the share with "Hold" and a price target of 0.65 Swiss francs.


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