Eurosnack - Where are we now?

Update on Eurosnack - fundamentals, future, valuation and portfolio.

This is the second of the 4 short updates on the companies, which out of all the ones I analysed and published deep-dives about, found their place in my portfolio. This one is on Eurosnack, the previous one was on Dino Polska and the upcoming two are Cake Box and Monnari. 

Since I analysed Eurosnack and published it last summer the company has published a few more quarterly reports so that we have a full FY 2023 split into quarters and a little bit more information regarding what the management has been up to. One thing to keep in mind is that Eurosnack is a very small company (~$23.8 million market cap) that’s traded on Newconnect, which is the second floor of WSE (Warsaw Stock Exchange) dedicated to small, new and techy companies. Eurosnack is not techy at all and the main reason it’s traded there is its tiny free float. Let’s dive into it.