Report
Jeremy Garnier

Chargeurs : More cautious on the coming quarters – target price cut to € 24 (vs € 30)

>H1 should remain good, what about H2? - Given the more uncertain macroeconomic environment for the second part of the year (persistent inflation, expected slowdown in consumer spending that may affect the textile and construction sectors and lower visibility in healthcare solutions), we lower our estimates for 2022. While H1 is likely to remain good: revenue expected at € 398m (+6.8%) implying Q2 revenue of € 195m (+1.4%), H2 is expected to show a slight organic dip ...
Underlying
Chargeurs SA

Chargeurs SA is a France-based company, which provides customizable specialty material solutions. The Company and its subsidiaries operate in four sectors: Protective Films, Fashion Technologies, Museum Solutions and Luxury Materials. Protective Films designs, produces and markets technical solutions to protect the quality of steel, aluminum, plastic or other surfaces during the transformation process, as well as film application machines. Fashion Technologies produces and markets linings for clothing. Museum Solutions includes the industrial divisions Senfa, specialized in the functionalization of technical textiles, and Chargeurs Creative Collection, specialized in the provision of services to cultural institutions. Luxury Materials manufactures and markets combed wool ribbons. The Company is active globally.

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
Jeremy Garnier

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