Post-weak Q2 for sales, EBIT and FCF, we have cut our FCF estimates by 9% and our PT to EUR1.9 on the back of higher operating de-leverage and a lower WCR tailwind. Beyond an emerging inflexion point in French real estate transactions (that remains to be confirmed), we are still cautious about the
After announcing its ambition to enter the optical sector earlier this month, the German software company The Platform Group (TPG) has already acquired four optical players in Germany. In addition to joining TPG’s MyGlasses.de online platform to implement an omnichannel approach, these acquisitions
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