Report
Delphine Chauvin

Boels : Equipment rental companies: not so cyclical thanks to their agility on capex

Loxam (BB-), Kiloutou (B1/B+) and Boels (Ba3/BB) are due to release their Q3 24 results in the second half of November. Visually, Loxam should turn in the best performance as the group is set to reap the full benefit of additional sales generated by the Paris Olympic Games (at least € 40m in July). Indeed, Loxam was a key partner of the event. Apart from this "Olympic Games effect", we expect the three equipment rental companies to post stable organic growth in a market context w...
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
Delphine Chauvin

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