Bryan Garnier - SOMFY (DAMA.PA) SOMFY: Solid organic top-line growth in Q4 | BUY - Top Picks | EUR107 vs. EUR105 (+18%)

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Bryan Garnier

Eric Lemarie

SOMFY: Solid organic top-line growth in Q4 | BUY - Top Picks | EUR107 vs. EUR105 (+18%)

SOMFY - BUY - Top Picks | EUR107 vs. EUR105 (+18%)
Solid organic top-line growth in Q4

5.5% organic top-line growth in Q4
Success of new Zigbee-based connected motors in the US
Strong performance by the connected offer overall
Buy-Top Pick reiterated. FV upgraded.

24/01/2020 5 EN

Underlying

SOMFY

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Provider

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.

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Analysts

Eric Lemarie

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SOMFY: Solid organic top-line growth in Q4 | BUY - Top Picks | EUR107 vs. EUR105 (+18%)

SOMFY: Better 1H22 margin than expected, attractive valuation despite weakening demand | BUY | EUR155

SOMFY BUY | EUR155 Lower than expected Q2 sales: the storm is coming earlier and stronger than expected

TECHNOLOGY Excessive relative derating for Schneider and Somfy

Median Technologies: EUR23.5m capital raise extends runway into Q4 2026

Ceconomy: walking down the aisle with JD.com and a €4.6 offer

Planisware: wait-and-see environment triggers profit warning

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