Chargeurs S.A.

Chargeurs S.A.. Chargeurs SA, also known as Chargeurs, is a France-based company active in the area of textiles. The Company manufactures fabrics and garment interlinings for the apparel industry. It operates in three business segments: Temporary surface protection, through Chargeurs Protective Films, primarily in the building materials industry, but also in electronics and household appliances; Technical textiles, through Chargeurs Interlining; and Raw material processing, through Chargeurs Wool which specializes in top making, consisting of designing wool blends. The Company is based in over 30 countries on five continents and offers service in over 45 countries. The Company operates through Main Tape Co Inc, Chargeurs Textiles, Omma, Chargeurs Protective Films, Chargeurs Interlining, Main Tape Inc, Chargetex 34 and Chargetex 35.
  • TickerCRI
  • ISINFR0000130692
  • ExchangeEuronext Paris
  • SectorPersonal Goods
  • CountryFrance

Updated outlook emphasises organic growth ambitions (Chargeurs)

Updated outlook emphasises organic growth ambitions EPS CHANGE CHANGE IN TARGET PRICE€ 28.5 vs 28.2 +1.15% Our target price is virtually unchanged following the review of our assumptions post the H1 results. The valuation boost from our estimated NAV, thanks to the inclusion of a fifth division (CHS), was counterbalanced by the slightly lower DCF and multiple-based valuation due to lower earnings expectations in FY21-22. Nonetheless, we are encouraged by the strategic shift, prioritising organic growth above bolt-on acquisitions. As a result, we have removed our assumption for a future capi...

H1: an absolute home run

H1: an absolute home run EARNINGS/SALES RELEASES What Chargeurs has been able to accomplish in the challenging circumstances that marked this H1 is nothing short of remarkable. Quick-witted management and great execution allowed the company to post an historical H1, led by the newly-created Chargeurs Healthcare Solutions. Even though H2 and FY21 are not bound to be as sensational, the long-term outlook remains more than encouraging. FACT Chargeurs’ consolidated revenues totalled €519m in H1, jumping by +54% lfl, driven by Chargeurs Healthcare Solutions, whose sales reached €254m. The top-...

Amira Manai ...
  • Hana Souissi
  • Jeremy Garnier

Chargeurs : An excellent 2020 thanks to the healthcare solutions segment - More limited visibility on the coming recovery

>Exceptional H1 results - H1 results were clearly exceptional, driven by the new healthcare solutions division (revenues of € 253m and underlying operating profit of € 54.3m) but the core businesses also showed good resilience in terms of margins despite the sharp decline in volumes. While the protective films business proved its resilience (H1 sales -5.9%: preservation of market share and good pricing power; underlying operating profit of € 6.9m), the f...

Amira Manai ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Hana Souissi
  • Jeremy Garnier
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Nada Afli
  • Nadine El Ouni
  • Nicolas David
  • Nicolas Thorez
  • Nour El Houda Hammami
  • Oussema Denguir
  • Roland Pfaender,MBA,CFA,CCRA
  • Salma Bouraoui
  • Slim Bouasker
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 11/09/2020

...

Amira Manai ...
  • Hana Souissi
  • Jeremy Garnier

Chargeurs : Un excellent millésime 2020 grâce à Healthcare Solutions – Visibilité plus limitée sur la reprise à venir

>Des résultats S1 exceptionnels - Les résultats S1 sont clairement exceptionnels portés par le nouveau pôle Healthcare Solutions (CA de 253 M€ et ROC de 54.3 M€) mais les métiers historiques ont également démontré une bonne résilience en termes de marges malgré des volumes en fort retrait. Si Protective Films a prouvé sa résilience (CA S1 -5.9% : préservation des parts de marché et bon pricing power ; ROC de 6.9 M€), Fashion Technologies a réussi à rester rentable (RO...

1 director bought

A director at Chargeurs bought 4,000 shares at 17.548EUR and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board mem...

Updated outlook emphasises organic growth ambitions (Chargeurs)

Updated outlook emphasises organic growth ambitions EPS CHANGE CHANGE IN TARGET PRICE€ 28.5 vs 28.2 +1.15% Our target price is virtually unchanged following the review of our assumptions post the H1 results. The valuation boost from our estimated NAV, thanks to the inclusion of a fifth division (CHS), was counterbalanced by the slightly lower DCF and multiple-based valuation due to lower earnings expectations in FY21-22. Nonetheless, we are encouraged by the strategic shift, prioritising organic growth above bolt-on acquisitions. As a result, we have removed our assumption for a future capi...

H1: an absolute home run

H1: an absolute home run EARNINGS/SALES RELEASES What Chargeurs has been able to accomplish in the challenging circumstances that marked this H1 is nothing short of remarkable. Quick-witted management and great execution allowed the company to post an historical H1, led by the newly-created Chargeurs Healthcare Solutions. Even though H2 and FY21 are not bound to be as sensational, the long-term outlook remains more than encouraging. FACT Chargeurs’ consolidated revenues totalled €519m in H1, jumping by +54% lfl, driven by Chargeurs Healthcare Solutions, whose sales reached €254m. The top-...

Amira Manai ...
  • Hana Souissi
  • Jeremy Garnier

Chargeurs : An excellent 2020 thanks to the healthcare solutions segment - More limited visibility on the coming recovery

>Exceptional H1 results - H1 results were clearly exceptional, driven by the new healthcare solutions division (revenues of € 253m and underlying operating profit of € 54.3m) but the core businesses also showed good resilience in terms of margins despite the sharp decline in volumes. While the protective films business proved its resilience (H1 sales -5.9%: preservation of market share and good pricing power; underlying operating profit of € 6.9m), the f...

Amira Manai ...
  • Hana Souissi
  • Jeremy Garnier

Chargeurs : Un excellent millésime 2020 grâce à Healthcare Solutions – Visibilité plus limitée sur la reprise à venir

>Des résultats S1 exceptionnels - Les résultats S1 sont clairement exceptionnels portés par le nouveau pôle Healthcare Solutions (CA de 253 M€ et ROC de 54.3 M€) mais les métiers historiques ont également démontré une bonne résilience en termes de marges malgré des volumes en fort retrait. Si Protective Films a prouvé sa résilience (CA S1 -5.9% : préservation des parts de marché et bon pricing power ; ROC de 6.9 M€), Fashion Technologies a réussi à rester rentable (RO...

Alain William ...
  • Amira Manai
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Hana Souissi
  • Hana Jomni
  • Jeremy Garnier
  • Jerôme Bodin
  • Maissa Keskes
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Sebastien Malafosse
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 09/10/2020

...

Amira Manai ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Hana Souissi
  • Jeremy Garnier
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Nada Afli
  • Nadine El Ouni
  • Nicolas David
  • Nicolas Thorez
  • Nour El Houda Hammami
  • Oussema Denguir
  • Roland Pfaender,MBA,CFA,CCRA
  • Salma Bouraoui
  • Slim Bouasker
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 11/09/2020

...

Alain William ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 04/29/2020

...

Alain William ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 29/04/2020

...

Alain William ...
  • Florent Laroche-Joubert
  • Hana Maalej
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 04/28/2020

Ahead of the earnings season, we downgrade our scenario for global traffic and now do not expect a return to pre-crisis levels until around 2023. Despite the average 34% adjustment to our EPS estimates in 2020, we believe that the single-aisle segment should show better resilience more in original equipment sales than the aftermarket (except for some early retirements). We continue to prefer Airbus (Buy – target price € 74) in the civil segment and Thales (Buy – target price € 88) in ...

Alain William ...
  • Florent Laroche-Joubert
  • Hana Maalej
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 28/04/2020

Avant d’entrer dans la saison des publications, nous dégradons notre scenario de trafic mondial pour désormais anticiper un retour aux niveaux pré-crise seulement vers 2023. En dépit des ajustements de nos BPA de 34% en moyenne sur 2020, nous estimons que le segment des monocouloirs devrait mieux résister plus sur le neuf que sur l’après-vente (en dehors de quelques retraits anticipés). Nous continuons de pousser Airbus (Achat – 74 €) sur le civil et Thales (Achat – 88 €) sur la défen...

Thanks to a better fundamental star rating, CHARGEURS sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to CHARGEURS (FR), active in the Clothing & Accessories industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date September 1, 2020, the closing price was EUR 15.70 and its expected value was estimated at EUR 14.54.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Chargeurs - Assemblée Générale des actionnaires du 6 mai 2019

Cette année encore, l'approbation des comptes sociaux est regrettablement associée au quitus en faveur des administrateurs, ce qui entraîne une recommandation négative pour l'ensemble de la résolution relative à l'approbation des comptes sociaux (résolution 1). De même, la société propose à nouveau une option pour le paiement du dividende en actions avec décote à laquelle s'oppose systématiquement Proxinvest (résolutions 4 et 5) ainsi qu'au renouvellement du censeur (résolution 12). En matière de rémunération, le montant de l'enveloppe des jetons de présence pour les membres du conseil est t...

Proxy Report - 16/04/2018

Quatre résolutions avaient été rejetées lors de l'assemblée générale de 2017 dont trois portaient sur des augmentations de capital sans DPS. La société a bien pris soin de limiter cette année le montant total des augmentations de capital sans DPS au plafond recommandé par Proxinvest et de nombreux actionnaires (10%). Michaël Fribourg fait partie des nombreux Président-Directeurs généraux dont le renouvellement est demandé cette année. Malgré le cumul des fonctions et des contre-pouvoirs clairement insuffisants, il convient de prendre en compte l'évolution de la gouvernance et notamment de la ...

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

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