Minor changes after H1 22
EPS CHANGE
CHANGE IN EPS
2022 : € (0.32) vs (0.23) ns
2023 : € (0.35) vs (0.25) ns

We have only changed our short-term estimates after the release of the H1 22 results. These changes are minor and are limited to FY23-24) even if they look more significant in EPS terms due to the fact that the result is a small loss, implying that any change to our numbers translates into an apparent bigger change in percentage terms. The impact on our valuation of the stock is thus marginal.