Report
But : The day after
As for all players in specialist retailing, it is clear that BUT's results and credit ratios will be impacted by the Covid-19 epidemic and the French lockdown. However, BUT has the advantage of having a very strong liquidity position and low pre-crisis leverage, which should help it absorb the shock without jeopardising the sustainability of its capital structure, even though we estimate that it will probably take several years to restore its credit metrics to their end-2019 leve...
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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.
Anne-Barbara Nicco
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