(CercleFinance.com) – The Alpha MOS stock fell sharply on Monday on the Paris Stock Exchange after the warning launched Friday evening by the manufacturer of odor and taste analyzers, faced with postponements of orders.
Around 10:15 a.m., the stock fell by almost 15%, in a Parisian market down 0.5%, and fell back towards its annual lows. The stock has now lost more than 57% this year.
In a press release published Friday after the close, the specialist in electronic noses and tongues announced a downward revision of its annual turnover objective.
While it was initially counting on an acceleration in its growth this year, the company now says it expects a falling annual turnover, around 4.8 million euros in 2023, compared to 5.8 million l last year.
Alpha MOS justifies its warning in a context of postponement of investments by agri-food players, faced with a marked decline in household food consumption.
Several orders expected by the group in the 4th quarter have thus been postponed to the 2024 financial year.
‘Our caution and our fears around the lack of visibility of the activity in the short term have finally proven to be justified’, react this morning the Euroland analysts, who consequently downgrade their opinion to ‘neutral’ from ‘buy’ previously, with a price target reduced from 2.5 to 1.2 euros.
In its press release, Alpha MOS nevertheless ensures that its growth prospects remain ‘intact’ for the years to come, in particular due to the partnership relationships established with several major accounts on a large number of industrial sites.
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