Report
Clement Genelot

Model update pre-Q2 results

Ahead of Q2 publication on 9th August, we update our model by trimming our FY 2023 estimates by c.1% (mostly due to Q2) and we reiterate our EUR34 PT. Ahold Delhaize remains our favourite play within food retail, thanks to its relatively good visibility on volumes and OPEX ensuring positive profita
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Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Clement Genelot

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