Eclairage favorable…. - ACHAT, OC 3,8€ vs 3,5€
Comme la publication d’un CA en croissance de +22% fin janvier le laissait anticiper, les résultats 2015 sont bons. Le résultat net s’élève à 2,1m€, au-dessus de la fourchette donnée par QUANTEL comprise entre 1,5m€ et 2m€. L’autre élément positif est la génération d’un FCF de 4,4m€ qui favorise une baisse significative de la dette nette à 9,6m€ contre 14,3m€ à fin 2014. Avec un gearing de 35%, le risque lié à la structure financière nous semble désormais totalement écarté Le groupe confirme un objectif de croissance de l’activité et des résultats en 2016. Nous réitérons notre opinion ACHAT avec un objectif de cours revu à la hausse à 3,8€ contre 3,5€ précédemment.Quantel and its subsidiaries are engaged in the production, development and distribution of lasers for medical applications mainly in ophthalmology and dermatology. Co. produces lasers for scientific instrumentation involved in research and development and underwater lasers. Co. also provides laser impulses for industrial applications such as laser cleaning or material processing.
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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