GERMANY: Kamps' wildfire growth "too much too soon?"
Acquisitive German industrial baker Kamps is labouring under what eponymous CEO Heiner Kamps believes is an unfairly sceptical stock market. In the last few years Kamps has proved the darling of the German stock market, raising its sales almost eight times to DM3.26bn (US$1.4bn) to become Europe's largest bakery group. A little over a year ago its share price had soared to €46.25 (US$39.83) but it has since plummeted to just €11 and over the last year was the poorest performer on the MDAX, the German stock exchange's mid-cap index.
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