- info@wstc.com.ng
- 2, Maitama Sule Street, Falomo, South West Ikoyi, Lagos.
Event
Cadbury Nigeria Plc (“the Group”) reported a substantial enhancement in its second-quarter financial performance for the year, with a 46% jump in revenue compared to Q2 2023. This impressive growth is attributed to strategic pricing adjustments and innovative product developments designed to meet consumer demand, despite the wider economic challenges impacting the FMCG sector, such as inflation diminishing consumer purchasing power and increased foreign exchange volatility.
Outlook
Although the foreign exchange loss situation improved in Q2 2024, we still expect the Group to report a loss after tax of N11.20 billion (previously: N7.25 billion). As a result, we have lowered our fair value estimate to N19.89 (previously N20.64). With the stock currently trading at N19.70, our fair value suggests a total return of 0.97%, so we maintain our HOLD recommendation for the stock.
Please follow the link “Cadbury Nigeria Plc Q2 2024 – Export Growth and Strategic Pricing Curtail Net Loss” to view the whole report.
Thank you.
STAY INFORMED
Subscribe & Get More Information
Subscribe to receive market and product notices, newsletters and press releases.
Copyright © 2022 WSTC Financial Services Limited