Thomas Cook : Summer was too hot
On 24 September, few days before the end of its FY 2017-18, Thomas Cook issued a statement explaining that summer's temperatures in Europe were set to be more damaging than anticipated, pushing its 2017-18 recurring EBIT down by around 15% vs. the prior year to around £ 280m, i.e. a level well below analysts' forecasts (consensus of £ 320m before the announcement). The repercussions did not take long to appear, with a drop of over 20% in the share price and 2-3 points in the TCGL...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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