Portzamparc Sponsored - POUJOULAT (ALPJT) FLASH - Poujoulat - Renforcer - Obj. 31.20€

Report

Portzamparc Sponsored

Nicolas Royot

FLASH - Poujoulat - Renforcer - Obj. 31.20€

La trajectoire est restée excellente en fin d’exercice 22/23. Malgré un contexte plus incertain, les volumes restent bien orientés en 23/24 et les marges vont résister.

15/05/2023 1 FR

Underlying

POUJOULAT

Poujoulat and its subsidiaries are engaged in the manufacture of stainless steel flues and chimney tops for all heating appliances (open or enclosed fire places, stoves, boilers, room-sealed boilers) for collective or private housing and commercial purposes.

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FR0000066441 Euronext Paris France

Provider

Portzamparc Sponsored

Portzamparc is a subsidary of BNP Paribas which adapted the mission to contribute to responsible and sustainable growth of private clients, management companies and SMEs . They offer personalized support adapted to the objectives in particular for Small and Medium-Sized Enterprises.

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Analysts

Nicolas Royot

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SmartInsider

Poujoulat: 1 director

A director at Poujoulat bought 1,854 shares at 9.806EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

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6h / 22m 6h / 22m 1 EN

Degroof Petercam

Poujoulat - 2023/24 financial year will be even more difficult than forecast

Fall in H1 results, as expected, due to lower chimney flue sales, hit by strong destocking by distributorsScenario of further decline in chimney flue sales in Q3 before stabilisation in Q4 confirmedSignificant downward revision of the outlook for wood energy in H2 as a result of the fall in pellet prices and destocking.We will have to wait until H2 2024/25 for a return to growthOur EBIT forecasts for the next 3 years have been revised downwards by an average of 22%We are switching to Reduce in view of the poor momentum, especially as the multiples are in line with historical

January 17, 2024 January 17, 2024 1 EN

Degroof Petercam

Poujoulat - Underestimated destocking effect, sales warning

Sluggish Q2 sales growth (+1%), due to lower chimney flue sales, which were hit by a strong destocking effect among distributorsVery good H1 in wood-energy (+50%) due to anticipated purchases, H2 should be stable given that the price effect will be negativeConsolidated sales for 2023/24 now expected to decline by 2% to 3%, compared with the initial target of 5% to 7%.As a result of lower volumes, we now expect earnings to contract by around 30%, compared with near-stability previously. The decline will be even more marked in H1 due to seasonal factors.We are switching to Add, as we see

November 14, 2023 November 14, 2023 1 EN

La Matinale - 12-07-2023 - Portzamparc

EKINOPS : Un S1 de bonne facture / Contact – Acheter (1), obj. 10.6€ Cours: 7.78€ au 11/07/23 GTT : Commande de deux méthaniers – Acheter (1), obj. 122.0€ Cours: 96.8€ au 11/07/23 KALRAY : Objectif 2023 confirmé dans l’attente d’un gros S2 / Confcall – Acheter (1), obj. 38.5€ Cours: 28.9€ au 11/07/23 PLASTIVALOIRE : Progression de l’EBITDA et renforcement du bilan – Conserver (3), obj. 3.40€ Cours: 3.24€ au 11/07/23 SPINEWAY : Les récentes acquisitions sont à la hauteur – Acheter (1), obj. 2.20€ Cours: 0.41€ au 11/07/23 VOLTALIA : Nouveau Corporate PPA avec la SNCF / Contact – Acheter (1)...

July 12, 2023 July 12, 2023 1 FR

Nicolas Royot

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FLASH - Waga Energy - Strong Buy - TP: €30.0

As expected, Waga signed an important contract in the United States, which give credibility to the 2026 guidance and confirms the potential of the US market.

July 11, 2023 July 11, 2023 1 EN

Nicolas Royot

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FLASH - Waga Energy - Acheter - Obj. 30€

Comme espéré, Waga signe un contrat important aux Etats-Unis, qui crédibilise encore la guidance 2026 et confirme le potentiel du marché américain.

July 11, 2023 July 11, 2023 1 FR

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FLASH - Poujoulat - Renforcer - Obj. 31.20€

Poujoulat: 1 director

Poujoulat - 2023/24 financial year will be even more difficult than forecast

Poujoulat - Underestimated destocking effect, sales warning

La Matinale - 12-07-2023 - Portzamparc

FLASH - Waga Energy - Strong Buy - TP: €30.0

FLASH - Waga Energy - Acheter - Obj. 30€

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