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Tereos : « Sweet melody »
Over the past year, the group has worked hard to shore up its liquidity, notably thanks to the issuance of 2025 notes and the renegotiation of its bank credit facilities. The debt leverage remains high (5.5x at 30/09/21) but the turnaround is to occur with the expected rebound of its earnings in H2 2021-22, driven by a supportive price environment in sugar and ethanol markets. Fresh non-core asset sales could also speed up the debt reduction process, which remains a priority targ...
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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.
Delphine Chauvin
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