Un T1 solide en attendant l'amélioration top-line - ACHAT - OC 80€ (vs 77€)
Hier, la société a publié un EBITDA T1 en hausse de +4% (supérieur de +2,5% aux attentes) grâce à la baisse des promotions et aux économies de coûts, alors que les ventes lfl dans le réseau de magasins ont reculé de -3%, soit la même dynamique qu’au T4 2016. Alors que les tendances semblent s’améliorer au début du T2, le management a réitéré les guidances 2017, à savoir (i) une stabilité des ventes à changes constants et (ii) un EBITDA courant entre - 3%et +3%. Nous maintenons nos estimations avec un objectif de 80€ vs 77€.HUGO BOSS Group is engaged in the global apparel market. The Group, which is based in Metzingen Germany employs almost 12,500 people, generated annual sales of EUR 2.4 billion in fiscal year 2013 and is an apparel manufacturer. The Group focuses on developing and marketing high-end women's and men's fashion and accessories. With its brand including the BOSS core brand, the lines BOSS Orange, BOSS Green and the progressive brand HUGO, Co. targets different, consumer groups. The brands consists of modern business wear, evening wear and sportswear, shoes and leather accessories as well as licensed fragrances, eyewear, watches, children's fashion, home textiles and mobile accessories.
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.
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.