Oddo BHF - France : un choc (trÃ¨s) positif sur le pouvoir dâ€™achat

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Oddo BHF

Bruno Cavalier

France : un choc (trÃ¨s) positif sur le pouvoir dâ€™achat

Tout semble concourir pour que les mÃ©nages franÃ§ais bÃ©nÃ©ficient en 2019 dâ€™une progression de leur pouvoir dâ€™achat comme ils nâ€™en ont pas connu depuis dix ans. Les crÃ©ations dâ€™emploi progressent, fÃ»t-ce modestement, le chÃ´mage baisse et les entreprises signalent que les perspectives dâ€™embauche ne sont pas altÃ©rÃ©es aprÃ¨s la crise des "gilets jaunes". Lâ€™inflation est en train de corriger sa poussÃ©e transitoire de lâ€™an dernier. Les mesures budgÃ©taires du "plan Macron" sont une belle ...

27/03/2019 5 FR

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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.

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Analysts

Bruno Cavalier

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Mateo Salcedo

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Flos B&B Italia (ex-IDG) : Ratings at risk after a challenging start to the year. Lowering our recommendation.

After an upswing in its operating performance in Q3 and Q4 2024, Flos B&B Italia experienced a fairly sharp downturn in Q1, with double-digit declines in top-line sales in the Americas and Asia, and Q2 looks set to follow suit. Q2 is poised to be similar and visibility for the rest of the year remains very limited, significantly dependent on business in the US. Against this backdrop, the high leverage ratio, which had never really begun to decline since the M&A transactions carried in 2021/2022, climbed to 5.2x based on adjusted EBITDA and to 6.1x based on reported EBITDA. This could disappoin...

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France : un choc (trÃ¨s) positif sur le pouvoir dâ€™achat

Q-Park : Back into the HY market to finance its M&A strategy

Q-Park : Back into the HY market to finance its M&A strategy

Flos B&B Italia (ex-IDG) : Ratings at risk after a challenging start to the year. Lowering our recommendation.

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