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Douglas : Beauty or beast? At this price Douglas is a beauty!
... and we believe this is true for both tranches, for which we are adopting Buy recommendations, although Q3 18 results were extremely weak: On a lfl basis revenue declined by –2.3% in Q3 18 (online: +5.1%; stationary: –3.1%) driven by online and drugstore competition, the reversed Easter effect and the ongoing optimisation of the acquired stores in Spain and Italy. Only eastern Europe achieved slight growth. - However, growing revenue contributions from its own higher margin (20-...
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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.
Markus Schmitt
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