Report
Virginie Roumage

HPC | « Home Sweet Home » | RECKITT BENCKISER initiation de couverture | UNILEVER | HENKEL

• Cette industrie fait face à de nombreux défis: concentration des distributeurs/centrales d’achat en Europe, développement du naturel, nouvelles formes de concurrence dans les émergents avec les MDD et les acteurs locaux et disruption du e-commerce. Mais les relais de croissance demeurent inchangés: l’urbanisation est source d’opportunités dans les pays émergents tandis que les pays développés bénéficient d’une montée en gamme.
Underlyings
HENKEL AG & CO KGAA VORZUG

Reckitt Benckiser Group plc

Reckitt Benckiser Group develops, acquires, produces, distributes and promotes consumer products in the health, hygiene and home categories. Co.'s health category covers treatment products such as pain and flu, and also wellness products in sexual wellbeing, footcare, vitamins and supplements. Co.'s hygiene category consists of personal and home hygiene products. Co.'s geographical segments comprise Europe (ENA) and Africa, Middle East (DvM). ENA comprises Europe, Russia/CIS, Israel, North America, Australia and New Zealand. DvM principally comprises North Africa, Middle East (excluding Israel) and Turkey, Africa, South Asia, North Asia, Latin America, Japan, South Korea and ASEAN.

UNILEVER N.V.

Unilever is engaged in the supply of consumer goods in foods, household care and personal products. Co.'s activities are carried out through four categories: Personal Care, sales of skin care and hair care products, deodorants and oral care products; Home Care, sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products; Foods, sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; and Refreshment, sales of ice cream and tea-based beverages. Co.'s products are sold in over 190 countries around the world.

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
Virginie Roumage

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