GERMANY: Kamps posts positive Q3, analysts remain cynical
Europe's largest bakery group Kamps unveiled Q3 results in line with market expectations and reaffirmed a full-year profit forecast yesterday, signalling an end to a six-month string of bad news. Germany-based Kamps was listed in 1998 and remained a favourite holding for small-cap investors; but mounting debt prompted by large acquisitions, a profit warning in July and unpredictable financial results over the last two quarters prompted mounting concern amongst analysts.
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