Report
Joan Sehim

Emeria : Injection or restructuring

Emeria has gone from a liquidity crisis to a leverage crisis. The group has less than 15 months to recover and improve its ratios before its 2028 debt wall becomes current. The operational trend and cost base are improving, but it seems that it is already too late: an equity injection is now mandatory to avoid debt recapitalization.
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
Joan Sehim

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