Report
Sven Edelfelt

Ferguson : Vers une période de croissance moins forte

>Résultats marginalement en dessous des attentes - Résultat opérationnel T2 2019 0.8% en dessous des attentes. Le résultat opérationnel ressort à 744 M$ vs (750 M$ pour le consensus et 740 M$ pour ODDO BHF). Le groupe a publié une croissance à pcc de 6.3% en ligne avec le T1 à +6.7% après +8.1% au T4 et +7.1% au T3 (consensus de 6.9%). La croissance a clairement marqué le pas aux mois de février/mars. Aux États-Unis, elle ressort à 9.7% au T2 après 9.6% au T1, 11.4% 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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