AlphaValue Corporate Services
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Chargeurs

CR
Bloomberg   CRI FP
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From an industrialist to a luxury player
Target
Upside 22.3%
Price (€) 11.3
Market Cap (€M) 281
Perf. 1W: -1.22%
Perf. 1M: -2.59%
Perf. 3M: 9.92%
Perf Ytd: -3.25%
10 day relative perf. to stoxx600: -1.26%
20 day relative perf. to stoxx600: -6.84%
DCF Change16/11/2011 11:10

Visible slowdown in demand

Change in DCF€ 7.06 vs 6.94+1.74%

Following the Q3 release, we have revised down our EBITDA forecast for 2011, 2012 and 2013, by respectively -7.7%, -6.8% and -5.9%, to take into account the economic / financial turmoil which led to weak demand.



Updates

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

04 May 12 Other news/comments
Lower volumes will impact profitability

04 May 12 EPS change
A challenging 2012

19 Mar 12 Earnings/sales releases
Increasing profitability in a challenging context

21 Jan 12 Earnings/sales releases
Sales release: in line with our expectations

02 Dec 11 Other news/comments
Eduardo Malone has increased his stake

16 Nov 11 DCF Change
Visible slowdown in demand

16 Nov 11 Earnings/sales releases
Visible slowdown in order inflow for Q4

16 Nov 11 EPS change
Visible slowdown in demand

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