Philion SE: Research Coverage by DR. KALLIWODA starts with recommendation "Buy" and price target of EUR 12.60
- Analysts see "interesting buy-and-build story in the German telecommunications market"
- Significant increases in sales and earnings expected as of 2019
Berlin, February 27, 2019: DR. KALLIWODA Research has started the coverage of Philion SE (ISIN: DE000A1X3WF3) with the recommendation "Buy". The target price for the Philion share is 12.60 euros, well above the current price level of 7 euros.
For analysts, Philion is an "interesting buy-and-build story in the German telecommunications market". After the takeover of the chain store Fexcom and the participation in the online retailer DEINHANDY in 2018, they expect Philion to usher in a new growth phase in the current year. Further takeovers and the implementation of an omnichannel strategy not yet available in the German telecommunications market should lead to a significant increase in consolidated sales and earnings in the coming years.
Download of the complete analyst study: philion.de/Start.html#investor
Financial datesin the first half year 2019:
07 May: MKK, Munich Capital Market Conference
13 May: Spring Conference, Frankfurt am Main
Philion SE // www.philion.de // M: firstname.lastname@example.org
Investor Relations & Press
Fabian Lorenz // T: +49 221 29 83 15 88 // M: email@example.com
About Philion SE
Led by Board Chairman René Schuster (former CEO of Telefonica Germany), the management team of Philion SE looks back on decades of experience in the international telecommunications market and has set itself a clear objective, i.e. to build up a leading network-independent service provider for all digital telecommunications products with the help of an effective buy-and-build strategy. In this context, Philion acts as a listed holding company and pursues an omni-channel strategy for its subsidiaries to combine the advantages of online commerce with the benefits of personal in-store service. First steps were the takeover of Fexcom GmbH at the turn of 2017/18 and the investment in DEINHANDY at the end of 2018. the investment in DEINHANDY at the end of 2018. This means that the Group now has more than 160 mobile communications stores throughout Germany and a fast-growing online trade.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. There will be no public offering of securities of Philion SE. This announcement does not constitute a securities prospectus. This announcement and the information contained therein are not intended for direct or indirect distribution in or within the United States of America, Canada, Australia or Japan.
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