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GFG - Global Fashion SA News Story

€5.84 0.2  3.0%

Last Trade - 11:04am

Consumer Cyclicals
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*: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 

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