Delta Plus Group - Towards organic growth in 2024 in line with 2023, excluding Argentina-related effects
Q4 in line with our organic guidance, driven by good performance outside EuropeFull-year guidance confirmed, with Q1 expected to be in line with Q4 in organic terms, excluding ArgentinaADD 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.
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