Report

Rothschild & Co : Resilience in the context of a difficult end to 2018

>Very good resilience against a demanding comparison base - The Q4 2018 performance and that for the full year beat forecasts:2018 net profit = € 286m vs consensus = € 251m (+14%) up 21% vs 2017 pro forma.Dividend = € 0.79, i.e. a shade above forecasts of € 0.76 and up 10% vs pro forma 12 months 2017. The policy of regular growth should be maintained.Advisory - stable at a very high level - The 6.4% decline in revenues on a Q4/Q4 basis shoul...
Underlying
Rothschild & Co. SCA

Rothschild & Co SCA is a holding company. Through its subsidiaries, Co. is engaged in banking activities and private equity. Co.'s banking activities include Investment Banking which comprises advisory services for mergers and acquisitions, advisory services for finance and restructuring, the primary equity capital market and the private placement of loans and shares; Corporate banking which comprises direct loans and structuring of financing packages; Private banking which comprises trust services, asset management and strategic planning; and Merchant Banking. Co.'s private equity activities involve investing in essentially medium-sized French companies, alongside a financial partner.

Provider
Oddo BHF
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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