Laurent-Perrier: Oddo BHF still a buyer
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Laurent-Perrier shares, with an unchanged target price of E136.
This morning, Laurent Perrier published its H1 results to end-September. They were slightly below our expectations in terms of profitability.
Sales amounted to E132m (vs. E131.4m), down 16.7%; however, the outlook is cautious, given the geopolitical context and the economic situation. Thus, H1 results cannot be extrapolated to FY 2024-2025, the analyst says.
The Group remains committed to its value policy, and the financial situation is under control, he concludes.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
This morning, Laurent Perrier published its H1 results to end-September. They were slightly below our expectations in terms of profitability.
Sales amounted to E132m (vs. E131.4m), down 16.7%; however, the outlook is cautious, given the geopolitical context and the economic situation. Thus, H1 results cannot be extrapolated to FY 2024-2025, the analyst says.
The Group remains committed to its value policy, and the financial situation is under control, he concludes.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.