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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