Report
Carole Braudeau

Solocal Group : Il est urgent d’attendre.

. Suite à la publication des résultats 2018, nous abaissons notre recommandation de Neutre à Alléger compte tenu d’une situation de liquidité qui devrait être plus tendue que prévu au S2 2019. - . Le principal risque de downside sur les obligations Solocal est que le groupe ne parvienne pas à atteindre ses objectifs opérationnels sur l’exercice en cours (‘croissance modérée’ de l’EBITDA récurrent en particulier) et que la consommation de trésorerie soit supérieure à nos attentes, ...
Underlying
Solocal Group

Solocal Group SA is a France-based company, which is engaged in local online communication. The Company provides digital content, advertising solutions and transactional services that connect people with local businesses. Solocal Group SA operates in France, Spain, Austria and the United Kingdom and supports the online development of SMB and client accounts, mainly through its four flagship brands: PagesJaunes (engaged in local advertising and information on the Internet and in mobile and print media), Mappy (a portal of services relating to travel: maps, journey planners, local area information searches, before and during the journey), Ooreka (a database of content with practical guides, tutorials, among others, written by such specialists as notaries, lawyers, doctors, electricians and gardeners, among others.

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.

Analysts
Carole Braudeau

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