Report
Fatma Agnès Hamdani

Eurogerm : Outlook encouraging to date but uncertainty persists

>Brisk activity in Q1, driven by industrial bakery and milling activities. H2 will likely be less dynamic - Eurogerm reported strong growth in business in Q1. This reflects the recovery in volumes lost in H1 2019, especially internationally (LatAm and Africa), but above all brisk momentum for industrial bakeries and milling activities. These are boosted by purchases to stockpile basic necessities such as pasta and the transfer to home consumption, resulting from loc...
Underlying
Eurogerm SA

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.

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
Fatma Agnès Hamdani

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