Distribution is changing

30/03/21 -"The new target price derives from the update of the model. We revised downwards both 2021 and 2022 EPS and we upgraded the 2023 EPS. In 2021 and 2022, the recovery of the Distribution division could ..."

Executive summary
Conflict of interest

Pages

Language

English

Published on

30/03/21

Download

You may also be interested by these reports :

11/11/25

Idea Kicker

While 2022 was a record year for Alten (ADD; France), today’s picture is very different. For over a year, the group’s equity story and operating ...

07/11/25

Amadeus IT Group

Amadeus delivered a solid Q3 2025, supported by higher volumes and strong pricing in airline-related businesses, along with sequential revenue growth ...

06/11/25

Allgeier SE

Change in coverage

06/11/25

Allgeier SE

Preliminary 3Q25 numbers impacted by IT service deconsolidation but significantly better than expected on the EBITDA line

EXECUTIVE SUMMARY

Updates

Pension Risks

Target & Opinion

Governance & Management

Business & Trends

Graphics : Momentum

Money Making

Graphics : MACD & Volumes

Debt

Graphics : Sensitivities

Valuation

Sector: Performance

DCF

Sector: Key data

NAV/SOTP

Sector: Ratios & Valorisation

Worth knowing

Sector: Peers

Financials

Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking

Trading in corporate shares

Analyst ownership

Advising of corporate (strategy, marketing, debt, etc)

Research paid for by corporate

Provision of corporate access paid for by corporate

Link between and a banking entity

Brokerage activity at AlphaValue