Oddo BHF - France : le choc sera (au mieux) effacÃ© en 2022

Report

Oddo BHF

Bruno Cavalier

France : le choc sera (au mieux) effacÃ© en 2022

Lâ€™Ã©conomie franÃ§aise a touchÃ© son point bas en avril. Elle opÃ©rait alors Ã 66% de ses capacitÃ©s utilisÃ©es avant le confinement. A la fin mai, lâ€™activitÃ© est revenue Ã 80% de ce niveau. Les indicateurs avancÃ©s suggÃ¨rent quâ€™en juin on pourrait approcher de 90%. Quant au seuil des 100%, il est improbable de le retrouver de sitÃ´t, et Ã plus forte raison de le dÃ©passer. Dâ€™une part, une certaine dose de restrictions subsistera pour limiter le risque sanitaire. Dâ€™autre part, le choc a Ã©...

27/05/2020 5 FR

Provider

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.

See profile

Analysts

Bruno Cavalier

Other Reports from Oddo BHF

Bruno Cavalier

Bruno Cavalier

France, as seen from the deck of the Titanic

Imagine a country. No prime minister has been as unpopular in sixty years. The alliance of the four parties supporting him is torn apart by the ambitions of its leaders and accounts for just 36% of the votes in the National Assembly. The fiscal situation is disastrous, unlike that of neighbouring European countries. The opposition parties want to roll back one of the few reforms made recently by lowering the retirement age. They reject any serious reduction in social spending but are in favour of taxing billionaires. If you have ideas to prevent a political or fiscal crisis, write forthwith to...

18h / 15m 18h / 15m 1 EN

Bruno Cavalier

Bruno Cavalier

La France, vue depuis le pont du Titanic

Imaginez un pays. Le Premier ministre n’a jamais été aussi impopulaire en soixante ans. L’alliance des quatre partis qui le soutient est tiraillée par les ambitions de ses dirigeants et ne pèse que 36% des voix à l’Assemblée. La situation budgétaire est calamiteuse , à rebours de celle des voisins européens. Les partis d’opposition veulent revenir sur l’une des rares réformes faites récemment en réduisant l’âge de départ en retraite. Ils rejettent toute réduction un peu sérieuse des dépenses sociales mais sont favorables à la taxation des milliardaires. Si vous avez des idées pour éviter une c...

19h / 33m 19h / 33m 1 FR

Baptiste Salaville ... (+2)

Baptiste Salaville
Hela Zarrouk

Bravida : A good vehicle to make the most of the upturn in Nordic construction

We are initiating coverage of Bravida with an Outperform rating, a target price of SEK 112 and a Neutral ESG opinion. A leading player in the Nordic multi-technical installations and services market (Top 3), Bravida has a solid business model with recurring business (65% of revenue in services and renovation activities), good profitability (EBITA margin >6%), excellent FCF generation and a healthy balance sheet (Net Debt/EBITDA:1x). The group should leverage these strengths to capture the pick-up in demand for multi-technical services set to start in 2026 amid the energy transition. In a highl...

19h / 33m 19h / 33m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

France : le choc sera (au mieux) effacÃ© en 2022

France, as seen from the deck of the Titanic

La France, vue depuis le pont du Titanic

Bravida : A good vehicle to make the most of the upturn in Nordic construction

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe