Spread Research - Alain Afflelou- 3Q17/18 - Mixed results; new reform seems manageable

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Spread Research

Anthony Giret

Alain Afflelou- 3Q17/18 - Mixed results; new reform seems manageable

French optical retailer Alain Afflelou has published mixed 3Q17/18 results (period ended 30 April 2018). The top line showed a continuation of the positive underlying trend, with network sales up by 1.5% yoy in Q3, of which LFL were +0.4%, as the group once more outperformed the French market.

03/07/2018 2 EN

Provider

Spread Research

Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.

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Analysts

Anthony Giret

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Joan Sehim

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Alain Afflelou- 3Q17/18 - Mixed results; new reform seems manageable

Gamenet 2q18 - sport payout change offsets regulation impact, goldbet to boost profitability

INTRALOT- Special Comment

IQVIA- 2Q18 Comments

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