Accélération de la croissance au T4 - ACHAT - OC 6,6€
Le CA 2014 est légèrement supérieur à nos prévisions. La CA T4 a connu, en effet une accélération avec une croissance de 10,9% (celle du T3 était de 6,2%) tiré par l’export. Cette publication a un impact légèrement positif sur nos BNA 2014 et 2015 malgré une révision à la baisse de notre CA sur 2015. En attendant confirmation d’une reprise des cours des métaux (essentiellement le cuivre) nous abaissons également notre CA 2016, l’impact sur nos BNA étant de -6,3%. Au final, nous restons à l’ACHAT sur la valeur avec un objectif inchangé de 6,6€/titre (+44%).Aurea is a holding company. Through its subsidiaries, Co. is operating in the environmental and sustainable development sector. Co. specializes in recycling used motor oils, aluminium, PVC, complex plastics, tires and in de-pollution of water. Through Eco Huile, Co. regenerates used motor oils. Through Roll Gom, Co. specializes in the treatment of used tires. Through Recycarbo, Co. reprocesses dangerous aqueous industrial waste, tainted by hydrocarbons or derivatives. Through Regeal Affimet, Co. recycles aluminium. Through Rulo, Rulo France, Broplast, BHS and Materege, Co. recycles PVC products and complex plastics.
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.
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