Report
Anne-Barbara Nicco

But : A now more limited potential on the notes

We are updating our recommendation on the Moblux 2024 bond in view of the excellent Q4 publication, the interesting elements communicated during the call (especially the interest for Conforama stores) and the performance delivered year to date. Given a reduced potential now, we are lowering our recommendation to Neutral. - >An excellent Q4 2018 brought leverage back to 1.5x - BUT closed its fourth quarter of solid outperformance in a row with like-for-like sales growth...
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
Anne-Barbara Nicco

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