Thomas Cook : A relatively challenging Q3, guidance tightened towards the lower end of the consensus range
>A challenging Q3 overall - Thomas Cook reported for its Q3 (March-June), a rather mixed set of results, especially in terms of profitability. Group sales came in at £ 2.479bn, up 9% y-o-y on a reported basis (vs growth of 8% in H1), 6% above our expectations. Adjusted EBIT at group level came in at £ 14m, down sharply on the Q3 2016-17 figure (to £ 19m), and below our estimate of £ 22m, which reflects a group margin contraction of 50bp (vs +70bp in H1 and -10bp forec...Thomas Cook Group is a travel company. Co.'s segments include: Group Tour Operator, which includes tour operations and associated activities within Co.'s 17 source markets; and Group Airline, which provides airline-related services, including both scheduled and charter services, and associated activities within Co.'s four airlines.
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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