Groupe LDLC : H1 results below our forecasts and a profit warning - Target price cut to € 9 (vs € 15)
>H1 results: negative EBITDA of -€ 1.9m and an underlying operating loss of -€ 4.4m - Groupe LDLC published its interim earnings ahead of schedule yesterday evening. These came in well below our forecasts with EBITDA of -€ 1.9m (vs € 7m est.), an underlying operating loss of -€ 4.4m (vs € 4.5m est.) and an attributable net loss of -€ 3.5m (vs € 3m est.). At 30 September, net debt stood at € 63m, of which € 33m linked to property assets. The group has breached one of i...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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