Maisons du Monde: Oddo BHF slashes target price
(CercleFinance.com) - Oddo BHF maintains its "neutral" rating on Maisons du Monde shares, almost halving its target price for them from E12 to E6.
5.
In a statement after trading yesterday evening, Maisons du Monde announced disappointing Q3 sales.
As a result, it has reduced its FY expectations, now forecasting a 10% drop in sales, with Q4 set to remain under pressure (around -10%).
Regarding EBIT, while the initial guidance was for E65m to E75m, it has been reduced to E40m to E50m.
Oddo BHF has once again reduced its EBIT expectations by 30% (2023e EPS -47.6%) and says that new measures and a transformation plan are expected in Q1 2024.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
5.
In a statement after trading yesterday evening, Maisons du Monde announced disappointing Q3 sales.
As a result, it has reduced its FY expectations, now forecasting a 10% drop in sales, with Q4 set to remain under pressure (around -10%).
Regarding EBIT, while the initial guidance was for E65m to E75m, it has been reduced to E40m to E50m.
Oddo BHF has once again reduced its EBIT expectations by 30% (2023e EPS -47.6%) and says that new measures and a transformation plan are expected in Q1 2024.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.