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This research has been commissioned and paid for by the company and is deemed to constitute an acceptable minor non-monetary benefit as defined in MiFID II

Chargeurs

CR 		Bloomberg   CRI FP
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From an industrialist to a luxury player?
Target
Upside 114%
Price (€) 8.03
Target Price (€) 17.2
Market Cap (€M) 201
Perf. 1W: -8.44%
Perf. 1M: -24.4%
Perf. 3M: -28.7%
Perf Ytd: -40.8%
10 day relative perf. to stoxx600: -13.3%
20 day relative perf. to stoxx600: -23.4%
NAV Change29/08/2011

Change in NAV€ 12.7 vs 12.5+1.27%

The slight increase in our NAV valuation is primarily due to the lower than previously expected provision for pensions.
Updates
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