Lectra : Q3 postview: TP revised to € 40, Outperform rating maintained
>Key takeaways from yesterday’s meeting - Our first take, published yesterday to review Lectra’s Q3 results is available here. Below are the main points raised during yesterday's meeting with the management: Orders slow down: Q3 results were very good but the negative point of the publication, although expected, touched orders. They rose by 5% over nine months but fell by 2% YoY in Q3 despite a positive effect from the US dollar and the rise in equipment pri...Lectra markets full-line solutions comprising the sale of software, CAD/CAM equipment and associated services (technical maintenance, support, training, consulting, sales of consumables and spare parts). Co. addresses an array of global markets, including fashion (apparel, accessories, and footwear), automotive (car seats and interiors, airbags), and furniture, as well as other industries, such as the aeronautical and marine industries. Its technology enables its customers to design, develop and manufacture their products (garments, seats, airbags, etc.). For the fashion industry, Co.'s software applications also enable the management of collections and cover the entire product lifecycle.
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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