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Seche Environnement : Feedback from CMD: plan based on growth and cost optimisation, Buy (vs Neutral), target price lifted to €35 (vs €33)

>A road map based on profitable growth - During a CMD, management presented its key areas of action and the main aspects of its strategy. The company’s staff has been renewed, expanded, and structured for a family business resolutely positioned on profitable growth. The 2020 targets reflect strong organic momentum, with growth expected to work out at 2.5% to 5.5% per year, and improved margins (around +100bp by 2020 for the EBITDA margin), i.e. a CAGR of 4% to 7%, wit...
Underlying
Seche Environnement SA

Seche Environnement offers environmental management solutions for industrial clients or local authorities. Co. operates waste treatment and recovery facilities and develops tools to produce energy from waste. Co. also collects and sorts all types of waste, whether household or industrial, hazardous or non-hazardous. For local authorities, Co. manages household waste and other environmental concerns. Co. is engaged in thermal treatment, storage, methanization of household waste and production of alternative fuels. For industrial clients, Co. has developed products and services for handling industrial waste from waste production sites to elimination facilities.

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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