Chargeurs | CRI FP | Support Services | France | Updates

This research has been commissioned and paid for by the company and does therefore not constitute an inducement caught by the prohibition under MiFID II

Chargeurs ^CR	Bloomberg CRI FP
Support Services / France	Web Site \| Investors Relation

From an industrialist to a luxury player

Target

Upside 35.7%

Price (€) 10.46

Target Price (€) 14.2

Market Cap (€M) 260

Perf. 1W:	3.98%
Perf. 1M:	6.63%
Perf. 3M:	-8.08%
Perf Ytd:	-10.4%

10 day relative perf. to stoxx600:	3.11%
20 day relative perf. to stoxx600:	11.7%

EPS change19/04/2013 14:55

Download

Allowing for the detailed 2012 final results
Change in EPS	2013 : € 0.30 vs 0.41	-27.0%
	2014 : € 0.49 vs 0.62	-21.6%
2012 adjusted EPS takes the view that the 2012 impairment on deferred tax assets is somewhat exceptional.
Change in DCF	€ 6.01 vs 9.03	-33.5%
The DCF downgrade is a mixture of numerous factors. Essentially, lower than expected 2012 profits with a negative base effect and more cautious long-term growth.

21 Jan 14 Earnings/sales releases
More of the same

25 Nov 13 Other news/comments
Steady going over Q3

02 Sep 13 EPS change
Deep, deep discount and firming up ground

01 Sep 13 Earnings/sales releases
Corner turned?

19 Apr 13 EPS change
Allowing for the detailed 2012 final results

24 Jan 13 Earnings/sales releases
€16m 2012 loss; regaining room for manoeuvre

24 Jan 13 EPS change
Stronger balance sheet, shame about the 2012 ...

26 Nov 12 Earnings/sales releases
Resistance of prices, drop in volumes

26 Nov 12 EPS change
Worsening economic context as from Q2, recov...

03 Oct 12 Earnings/sales releases
Worsening context weighs on profitability