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Earnings catch up could come to an end now… it's time to sell
Takko is still bouncing back in FY 20 (ending January 2020) so far and showed strong lfl growth in Q3 20 (total: 8.3%; Germany: 8.4%; Western/Central Europe: 7.4%; Eastern Europe: 8.5%) after an already strong Q2 20. LTM Adjusted EBITDA (excluding IFRS 16) improved by 24% to € 155.2m at end-Oct 2019 (end-Oct 2018: € 125.5m) and covenant headroom to 41% vs. 14% a year earlier. The company enjoys still a favourable FX hedging effect. Net leverage (defined by Takko and excluding IFR...
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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.
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