Report
Thijs Berkelder

CFE : Back to core and ready to grow again

>Re-initiation on ‘new’ CFE with a Neutral recommendation - Following the demerger of marine contractor DEME, which previously represented >90% of CFE’s EBITDA, the ‘new’ CFE now is a sustainable onshore contractor primarily focused on the construction and development of residential and office real estate in Belgium, Luxembourg and Poland, with growth ambitions in Multi-technics, the technical installation market. Supported by two strong shareholders (Ackermans & van ...
Underlying
Compagnie d'Entreprises CFE SA

CFE is engaged in civil engineering, buildings and industrial construction, dredging works and electrical installations. Co. is also engaged in property development, environmental protection and building management. Co.'s works carried on by Co.'s civil engineering group includes the following: hydraulic engineering, harbor works, bridges, and other engineering works, tunnels, road construction, dams, storage tanks, piping and drainage and caissons sunken soft soil. Co.'s buildings and industrial construction sector is active in the following fields: administrative buildings, industrial construction, public utility buildings, redevelopment, and residential buildings.

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
Thijs Berkelder

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