Lindt & Sprüngli : H1 2019 EPS forecast at +10%, with organic growth of 5.1%
>Neutral recommendation maintained - With a gain of 3% over 12 months and 10% YTD, the stock is underperforming its European Food HPC peers. The 2020 P/Ee nonetheless remains high in absolute terms at 35x, but this underperformance has taken Lindt's premium to 50% in P/E and it stands at 60% over 10 years and 65% over 5 years relative to Food Beverage HPC stocks. We are reluctant to see an entry point for two reasons: The luxury goods wave which is carrying some ...Chocoladefabriken Lindt & Sprungli is a holding company based in Switzerland. Co. and its subsidiaries manufacture and sell premium chocolate products. Co.'s products are sold under the brand names: Lindt, Ghirardelli, Caffarel, Hofbauer and Kufferle. Worldwide, Co. maintains eight manufacturing plants (six in Europe and two in the United States) and sells mainly in countries within Europe and the NAFTA countries.
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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