Report
Fatma Agnès Hamdani

Laurent-Perrier : Résultats S1 solides mais pas extrapolables au S2

>Opinion Neutre maintenue avec un OC de 94 € - Les résultats S1 sont solides. Une nouvelle fois Laurent Perrier démontre l’efficacité de sa stratégie de valeur. Toutefois les résultats S1 ne sont pas extrapolables au S2 en raison notamment d'une base de comparaison moins favorable et des incertitudes sur le court terme liées aux mouvements sociaux en France et au Brexit. Nous maintenons notre opinion à Neutre avec un OC de 94 €. Le titre se traite avec une prime de 8%...
Underlying
Laurent-Perrier SA

Laurent-Perrier is a holding company. Through its subsidiaries, Co. is engaged in the production and distribution of champagne. Its products are sold through four main brands, which are Laurent-Perrier, Salon, Delamotte and Champagne de Castellane. Co.'s vineyards are held either directly by Co. or jointly with other growers through various real-estate companies. Co. organizes its business activities under three different types of legal entities: Champagne houses, Distribution subsidiaries, and Vineyards. For most of its export markets, Co.'s products are sold through specialized distribution networks such as cafes, hotels and restaurants, wine merchants and direct sales.

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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