EQT and PG are high-quality private market investors with strong brands, and performance. PG however stands out with its bespoke offering, which is unique and appealing. Both trade at justified premium to peers, yet relative to each other PG is more attractively priced. We initiate EQT with Neutral and SEK 350 TP and PG with Outperform and CHF 1,290 TP.
SAVENCIA: Activity at the end of September 2025 Thursday, October 23, 2025 Press Release: activity at the end of September 2025 Organic revenue growth of 2.8% in a fragile economic contextKey figures in € million30/09/25% of sales30/09/24% of sales% ChangesTotalStructureChange & IAS 29Organic GrowthNet sales5,033 5,082 -1.0-0.3-4.02.8- Cheese Products2,86156.92,87956.7-0.60.0-1.10.5- Other Dairy Products2,35346.82,38046.8-1.20.7-7.45.6- Unallocated-182-3.6-178-3.52.20.3-2.74.6 As of September 30, 2025, net sales of Savencia Fromage & Dairy Group are slightly down by 1% compared to...
SAVENCIA : Activité à fin septembre 2025 Jeudi 23 octobre 2025 COMMUNIQUE DE PRESSE : Activités à fin septembre 2025 Croissance organique de 2,8% du Chiffre d’Affaires dans un contexte économique fragile Chiffres clés en M€ 30/09/25 % CA 30/09/24 % CA Variations en % Total Structure Change & IAS 29 Croissance Organique Chiffre d’affaires 5 033 5 082 -1,0 0,3 -4,0 2,8 - Produits Fromagers 2 861 56,9 2 879 56,7 -0,6 0,0 -1,1 0,5 - Autres Produits Laitiers 2 353 46,8 2 380 46,8 -1,2 0,7 -7,4 5,6 - Non Affectés -182 -3...
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