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Odiot

CR 		Bloomberg   MLODT FP
Luxury  /  France 
Ultra-luxury credentials, funding needed
Pros
  • Odiot is about an ultra luxury rebirth in the admittedly small segment of silverware
  • Odiot SA may be the springboard for sector consolidation and brand extension
  • Odiot’s funding needs are within reach
Cons
  • Odiot is a small-scale operation. Growing the business while safeguarding the integrity of the brand will require a measured approach over the next three years
  • Odiot’s relaunch is hinging on manufacturing capacity extension
  • Demand is driven by B2B clients (luxury hotels…). Meeting retail demand is bound to be slow and expensive
Updates
Key Data
Target
Upside 29.4%
Price (€) 31.6
Target Price (€) 40.9
Market Cap (€M) 8.70
Perf. 1W: -9.71%
Perf. 1M: -16.8%
Perf. 3M: 59.6%
Perf Ytd: -21.0%
10 day relative perf. to stoxx600: -11.5%
20 day relative perf. to stoxx600: -19.9%
Key Indicators