Report
Christophe-Raphaël Ganet

Boiron : Résultats 2023 en baisse sensible. Très faible visibilité (absence de communication financière). OC (39,6 € vs 42 €) calé sur le prix de l’OPA

>CA – ROC – RNpg : en dessous des attentes du consensus - Le CA 2023 a atteint 493,2 M€, -7,7% (-6,2% à tcc, vs. 534,2M€), le ROP se monte à 42,3 M€ (-33,3%) nettement inférieur aux attentes (css : 61.4 M€e , ODDO BHF : 56,7M€e), soit 8,6% du CA (vs. 11,9% en 2022). Le RNpg s’établit à 35,8 M€, soit -19,8% (css : 44,5 M€e), malgré la hausse des produits de placement pour 7,46 M€ (vs. 1,8 M€ en 2022).La position de cash net est également en forte baisse à 72 M€ ...
Underlying
Boiron SA

Boiron manufactures and markets homeopathic medicines. Homeopathic medicines are prepared from vegetable, animal, mineral, or chemical substances, which are diluted. Co. sells three types of products in 59 countries: Non-proprietary homeopathic medicines, OTC family medication specialties, and Other products. There are two large families of homeopathic medicines: Those associated with precise therapeutic indications and dosage, and those that do not mention a therapeutic indication or dosage. Co. supports homeopathy education and training organizations for healthcare professionals. Some of Co.'s brand names include Oscillococcinum®, Stodal®, S?datif PC®, and Coryzalia.

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
Christophe-Raphaël Ganet

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