Somfy : Bon T1 avant un T2 très compliqué – Neutre vs Achat
>Un CA T1 2020 encore en croissance organique – Rupture plus violente pour la filiale chinoise Dooya - Somfy a publié hier soir son CA au titre du T1 2020. Il s’établit à 291 M€, 6% au-dessus de notre estimation (275 M€). Le groupe est parvenu à enregistrer une croissance organique au cours du trimestre (+3% vs +5% en 2019) malgré les premiers impacts significatifs de l’épidémie du COVID-19 (mars = -12%).Les croissances à 2 chiffres en Europe de l’Est, en Afrique...Somfy SA is a France-based company engaged in the design, manufacture and development of controls for openings and closures of homes and commercial buildings. The Company's range of products include automatic controls for awnings, rolling shutters, storefront grills, garage doors and gates, motors and controls for roller shutters and curtains, venetian blinds and all interior window coverings and decoration, alarm systems and for protecting large utility facilities. It has operations in France, Germany, Greece, Romania, Italy, Middle East, Asia Pacific, and the United States, among others.The Company operates through Garen Automacao, Neocontrol Solucoes em Automacao SA and MyFox, among others. It joins venture with iHome in South East Asia.
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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