Oddo BHF - Oddo convertible news 03/02/2020

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Oddo BHF

Oddo convertible news 03/02/2020

Public offer of Worldline on Ingenico>...

03/02/2020 8 EN

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Oddo BHF

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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Other Reports from Oddo BHF

Patrick Steiner

Patrick Steiner

Lenzing : Still not out of the woods…

We downgrade to Underperform (Neutral) and reduce our target price to € 20 (€ 33). Lenzing’s substantial investments, totaling more than € 3.3bn since 2017, increased the group’s net financial debt from € 119m in 2017 to € 2.0bn in 2024, while EBITDA fell by c. 20%. Lower volume demand, pricing pressure and high input costs led to a further increase of leverage (c. 5x 2024 net debt/EBITDA, excl. hybrid bond) and a massive earnings deterioration in 2022-24. Despite the capital increase in 2023, supporting its balance sheet with a cash inflow of around € 392m, a potential operating earnings reco...

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Jean Danjou

Jean Danjou

ODDO : Monday review – Luxury sector

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Ahmed Ben Salem ... (+2)

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Thijs Berkelder

ODDO : Une prime de risque géopolitique en hausse mais scenario central confirmé à 65 $/b à ce stade

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Oddo convertible news 03/02/2020

Lenzing : Still not out of the woods…

ODDO : Monday review – Luxury sector

ODDO : Une prime de risque géopolitique en hausse mais scenario central confirmé à 65 $/b à ce stade

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