Report
Martial Descoutures

Un démarrage en trombe - ACHAT vs NEUTRE - OC 4,7€ (vs 3,6€)

La société a communiqué un CA S1 17 de 6m€ en très forte hausse (+146%) alimenté par la zone US sur laquelle 2 commandes importantes ont été enregistrées (3m$ au total). Nous relevons nos estimations de ventes de +16% et +8%sur 2017/2018e afin d’intégrer cette dynamique positive. La gamme MIS (mini-invasive) devrait s’installer comme premier levier de croissance à MT. Au regard de cette surperformance notable, le groupe est bien positionné pour atteindre ses objectifs fixés dans le cadre du plan SKYWAY 2018 et certains éléments tels que la montée en puissance des US et de la gamme innovante sont réunis pour passer à ACHAT (vs NEUTRE) avec un OC relevé à 4,7€ (vs 3,6€).
Underlying
Spineway SAS

Spineway SA, formerly known as Spineway SAS is a France-based company involved in medical products manufacturing. It designs, produces and sells spinal column implants and surgical instruments. The group offers spinal systems, cervical and lumbar cages, cervical plates, bone substitutes, among others.

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
Martial Descoutures

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