Bastide : 2017-18 results in line - Excessive drop in share price – TP: € 42 vs € 52 - Buy vs Neutral
>Healthy full- year results, in line with expectations - End-June 2018 EBITDA reached € 54.4m, i.e. +32.5% and 18.8% of revenue. Current operating profit came to € 23.3m, +44% (vs € 23.7m expected), i.e. 8.1% of revenue. These 2017-18 results are in line with our expectations and show that i/ Bastide benefited from mix effects as expected (stronger growth and a contribution from the services activities), particularly as regards external growth, ii/ franchises con...Bastide le Confort Medical is a holding company. Through its subsidiaries, Co. is engaged in the home health care industry. Co. retails and rents medical equipment and provides medical services. Products include breathing apparatus, orthopedic shoes, walking aids and wheelchairs, home appliances and furniture adapted to the needs of the lesser able, with the recent addition of equipment related to perfusion and nutrition. Co. operates through a number of outlets concentrated mainly in the South of France, offering advice and information to customers along with the provision and maintenance of medical equipment.
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.
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