vestro
4 updates since 1H results and we are no clearer on economic impact even though a few of those specifically mention covid
27 Feb update
- "Whilst current orders remain strong, we are witnessing a short term negative impact from coronovirus on sales" ?
- mentions modest negative affect on 30m sales target (due to tube suppliers in China)
5 Mar update
- "The feedback from our US distributor is of some concern, as brand owners and retailers are not building up inventory for the upcoming summer season, due to the reduction in holiday bookings."
Great that they are still expanding territories & distributors, warehousing in anticipation of quick sale/fulfilment, but when they are communicating 80T US order reaffirmed of 20T alusion shipped, that has no context and you can't make informed judgement..
They should either reaffirm guidance (30m) or withdraw it.
vestro4 updates since 1H results and we are no clearer on...
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