Eurogerm : A resilient business in a crisis but fully valued. Neutral maintained with a target price adjusted to € 32
>H1 sales boosted by emerging countries - At the conference call with the company following the publication of H1 results, Eurogerm reviewed its performance over the half year. Sales were up +4.2% on an organic basis buoyed by international activities (+8.7% excluding forex), particularly in emerging countries like Brazil, the Middle East and Africa, where the group has gained market share. Despite the health crisis these markets, in which end-markets are essentially ...Eurogerm SA is a France-based company specializing in manufacture and marketing of flour correctors, bread-making improvers, technological aids and nutritional cereal ingredients. It offers a range of enzymatic preparations, technical glutens adapted to bakery applications, mix and premixes for gluten free products, ingredients with omega-3 fatty acids, mix and premixes intended to reduce the salt intake of bread-making products and others, as well as related services. The Company has two production sites, Saint Apollinaire and Quetigny in France. The Company has such subsidiaries as Eurogerm Leag, Eurogerm Maroc, Problend-Eurogerm, Eurogerm Andina and Eurogerm Mexico, engaged in production and commercialization activities and Processus Alimentos Industria e Comercio LTDA EPP in Brazil, among others. The Company operates in countries like France, The United States, Algeria and Brazil, among others.
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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