Groupe LDLC : A marked organic decline in Q3 - Target price adjusted to € 8 (vs € 9)
>Q3 sales: € 145.7m (vs € 170.0m est.), i.e. +3.4% y-o-y and -9.3% l-f-l - Yesterday evening, Groupe LDLC reported Q3 sales (to end-December) that were lower than our estimates. Reported sales were up 3.4% to € 145.7m (vs € 170.0m est.) including an organic decline of 9.3% (vs +8.5% est.) and a positive scope effect of 12.6% (Olys). For 9M, sales were up 6.7%, of which -6.6% on an organic basis to € 380.4m.A tough market for B2C Online - new sources of gr...LDLC Com SA is a France-based company engaged in the sale and distribution of computer and multimedia equipment. Its product range includes electronic components, network equipment, software, connections, portable computers, hi-fis and videos, digital cameras, digital versatile discs (DVDs) and peripherals. The Company sells its products online and through two showrooms in Lyon and in Paris, as well as 11 branch offices. It also offers delivery services throughout France, Belgium and Switzerland. LDLC.Com SA's subsidiaries include Hardware.fr, Textorm Sarl, DLP-Connect, Plugsquare and Anikop, all operating in the information technology (IT) market. The Company operates various websites, including aideonline.com, fillspot.com, ldlc.com and maginea.com, among others. It merged with Domisys SAS. It operates through Domimo 2 SCI and Domimo 3 SCI.
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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