Global Fashion SA logo

GFG - Global Fashion SA News Story

€5.84 0.2  3.0%

Last Trade - 11:04am

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £903.4m
Enterprise Value £746.6m
Revenue £1.21bn
Position in Universe 372nd / 1038

BUZZ-Global Fashion Group: Berenberg initiates with "buy"

Thu 8th August, 2019 8:37am
** Berenberg initiates online fashion and lifestyle
marketplace Global Fashion Group (GFG)  GFG.DE  with a "buy"
rating and a price target of 4.50 euros 
    ** The broker says the company's centralised head office and
flexible retail and marketplace business models increase
convenience for brands
    ** It points out that GFG differentiates itself from its
competitors by offering a content-rich, convenient experience
for its 18- to 45-year-old target customers
    ** The company raised 180 million euros in an early July IPO
priced at 4.50 euros per share  urn:newsml:reuters.com:*:nS8N23Q056
     ** The company's order economics are attractive when
compared to key e-commerce peers, Berenberg writes
    ** It expects Global Fashion Group to reach EBITDA breakeven
in 2022E and FCF breakeven in 2025E 

 ((marta.frackowiak@tr.com))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.