Metro AG : La cession de la Chine, bien que justifiée sur le plan stratégique, sera dilutive de 10% en EBITDA, sachant que le problème russe n’est pas réglé
>Ventes du T4 2018/19 en ligne en dépit d’une nouvelle contre-performance en Russie - CA consolidé de 7.6 Md€ au T4 2018/19 (+3.9% en déclaré et +2.5% en LFL), en ligne avec nos attentes (+2.6%e en LFL) et celles du consensus (+2.3%e en LFL). L’Allemagne (+0.6% en LFL), l’Asie (+5.7% en LFL) et l’Europe de l’Est hors Russie (+5.2% en LFL) sont conformes aux attentes ; l’Europe de l’ouest (2.2% vs 1%e) supérieure. En dépit d’une nouvelle dégradation en Russie (-6.3% en...Metro AG, formerly Metro Wholesale & Food Specialist AG, is a Germany-based international wholesale and food service business group and dedicated food specialist with a customer base in wholesale in approximately 35 countries in Europe and Asia. The Company business is carried out by two operating segments: the METRO Wholesale segment and the Real segment. The Company operates also as a retailer in the hypermarket segment of German grocery retail market. The Company operates internationally under brands METRO and Real. The Company operates approximately 751 warehouses in 25 countries and approximately 79 delivery depots. The Company also provides foodservice distribution via Classic Fine Foods group, Rungis Express group and Pro a Pro group.
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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