Report
Sven Edelfelt

Ferguson : Un T1 marqué par un léger ralentissement en octobre

>Résultats légèrement en dessous des attentes - Résultat opérationnel 1.3% en dessous des attentes. Le résultat opérationnel ressort à 432 M$ vs (438 M$ pour le consensus et 445 M$ pour Oddo BHF). La croissance à pcc déçoit, à +6.7% après +8.1% au T4 et 7.1% au T3 et en dessous des attentes du consensus de 7.5%. Rappelons que le groupe avait indiqué lors des résultats annuels le 3 octobre dernier que la croissance à pcc était de 7.5% en août/septembre. La croissance a...
Underlying
Ferguson Plc

Ferguson is a holding company. Through its subsidiaries, Co. is a distributor of plumbing and heating products in the U.S. Co. operates nationally serving the residential, commercial, civil and industrial markets. Co. operates seven business units in the U.S.: Blended Branches, which provides plumbing and heating solutions ; Waterworks standalone, which distributes pipe, valves and fittings, hydrants, meters and related water management products; B2C e-commerce, which sells directly to consumers via websites using the product range and distribution network of the Blended Branches business; as well as Other, which comprises industrial standalone, fire and fabrication, and facilities supply.

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
Sven Edelfelt

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