FNAC DARTY: Fnac Darty wants to become a yield stock | SELL | EUR48(+1%)
FNAC DARTY - SELL | EUR48(+1%)Fnac Darty wants to become a yield stock
A new strategic plan dedicated to shareholder return
In a low growth environment…
…where Fnac Darty should only recover its 2019 EBIT margin in 2023…
…the group wishes to become a yield stock
What could be Fnac Darty’s firepower for cash return?
Sell reiterated as we remain focus on momentum for now and expect investors to do the same for at least 2021
Fnac Darty is engaged in the leisure and entertainment, technology, and household appliances retail market in France and a player on markets in other countries where it operates such as Spain, Portugal, Belgium, the Netherlands and Switzerland. Fnac Darty also has franchise operations in Morocco, Qatar and Ivory Coast.
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.
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