Report
Jeremy Garnier ...
  • Yosr Jamoussi

AdVini : A quality wine producer over the long term

Active in the wine industry over the past 150 years, AdVini operates in a global market plagued by a decline in vineyard areas and production outputs amid a consumer shift towards higher quality wines (meaning smaller volumes). In this environment, the group continues to adapt its model (quality at the right price, product mix geared towards the on-trade market, geographical diversification) and gain market share thanks to its brands and global expansion. Our valuation (DCF and peer comparison), at € 16 per share (30% upside), is based on a return to profitable growth in 2026 and gradual deleveraging to restore the group's flexibility. We are initiating coverage of the stock with an Outperform rating.
Underlying
Advini

Jeanjean and its subsidiaries are engaged in the production and distribution of wine in France and abroad in bulk or bottled. A small part of its operations includes the production of wine from purchased grapes.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jeremy Garnier

Yosr Jamoussi

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