Delta Plus Group - A tougher than expected start to the year, but improvement expected in H2
Q1 below our organic forecasts, due to a less dynamic economic environment than expected at the start of the yearFull-year guidance confirmed, with a rebound expected in H2Our opinion is unchanged from our April rating: the fundamentals are solid (steady organic and external growth, high OMC with low volatility), but the valuation is demanding in a less dynamic business environment in the short term.Reduce opinion maintained, with an unchanged target price of €76/share.Delta Plus Group designs, standardizes, manufactures and markets personal protective equipment (E.P.I.) in Europe and in the rest of the world. Co.'s main activity sectors include BTP (Building and Public Works), activities in oil & gas and the heavy industry, offering products that meet the needs of different trades and activities such as wind power, logistics, the agri-food sector, the medical sector and the craft sector. Its portfolio consists of about 1,500 products, corresponding to more than 8,000 references. Co. divides its E.P.I. products into five main categories: Head Protection, Hand Protection, Body Protection, Feet Protection, and Anti-Fall Products.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.