SinnerSchrader: Coming Of Age

 | Feb 12, 2016 12:44PM ET

Sinnerschrader O.N. (DE:SZZG) has had a good start to the year. Underlying revenues grew 8% in Q116 and visibility has improved. Additionally, the closure of Next Audience (NA) is in sight, and with an ongoing focus on the bottom line, we expect to see sustained EBITA margin improvement. On a meaningful P/E discount to peers in FY16, and with trade interest in the sector high, the shares offer a potential 30-80% upside.