EPS CHANGE
CHANGE IN EPS
2023 : € 0.18 vs 0.21 -14.5%
2024 : € 0.27 vs 0.31 -12.8%
The cuts allow for a year-end warning on the prospective sales of Wo&Wo, a 2022 acquisition with a now-disappointing outlook. The corresponding goodwill impairment (€19m) has no impact on the adjusted earnings.
CHANGE IN DCF
€ 3.01 vs 3.34 -10.1%
The lower sales now expected from Wo&Wo impact the forward-looking FCF generation and thus the DCF from 2023