Momentum de croissance unique - ACHAT - OC 417€ (vs 345€)
Cela pourrait sembler une anomalie qu’une valeur devenue l’une, sinon la plus belle des sagas du CAC 40 (+100% rien que sur les 12 derniers mois), puisse garder du potentiel. Il est vrai que l’explosion des résultats, est partie d’une rentabilité préservée, ce qui explique que l’EBIT de Gucci (marque) ait déjà rejoint la rentabilité d’Hermes. Rapidité et efficacité… nous sommes loin de la déshérence dont souffrent des griffes italiennes irrémédiablement distancées ? Adossé au souffle inépuisable de la croissance YSL, et à un Bottega Veneta dans une phase de respiration, Gucci groupe va dépasser les 10 Mds d’€ de CA (2017e) qui en font un sérieux challenger de LV. Un bonheur n’arrivant jamais seul, Puma retrouve croissance et rentabilité, ce qui place Kering dans les meilleures conditions pour gérer la sortie.Kering is engaged in the retail industry, particularly luxury fashion brands. Co.'s operations can be divided into two segments: Luxury and Sport & Lifestyle divisions. The Luxury division includes brands such as Gucci, Bottega Veneta, Yves Saint Laurent, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen, Girard-Perregaux & JeanRichard, & Stella McCartney. In addition, Co. offers Leather Goods, Shoes, Ready-to-wear, Watches, and Jewelry & Other products. The Sport & Lifestyle division designs & develops footwear, apparel & accessories and includes brands like Puma, Volcom and Electric among others.
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.