Report
Laurent Wilk

2015, nouvelle année de transition - NEUTRE - OC 17,9€ (vs 19,8€)

Les résultats 2014 (hors exceptionnels) sont bien ternes et en légère amélioration malgré un CA en recul. L’investissement réalisé au Brésil a porté ses fruits et a sauvé une année qui, sans lui, aurait été catastrophique. La politique d’investissement qui avait été temporairement allégée suite à l’arrivée du nouveau PDG a repris mais, ses effets ne devraient se faire sentir qu’à partir de 2016/2017. Nous restons NEUTRE sur la valeur avec un objectif ramené à 17,9€ (vs 19,8€).
Underlying
Albioma

Albioma is an independent energy producer that develops projects in the thermal biomass, solar power, and anaerobic digestion sectors. Co. provides industrial partners with expertise in energy production via hybrid combustion of biomass. In addition, Co. produces biogas by biological decomposition of organic matter in a confined oxygen-free medium, which it either converts into electricity and heat or purifies and then injects into the gas transmission network. It operates facilities on Reunion Island, Mayotte, Guadeloupe, Martinique, and French Guyana, mainland France and Southern Europe. Co. divides its operation into three segments: Thermal Biomass, Solar Power, and Anaerobic Digestion.

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

Analysts
Laurent Wilk

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  • Eva Olejniczak
  • Stéphane Afonso

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