(CercleFinance.com) – The stock soared nearly +5% after announcing a strategic partnership over a minimum period of 10 years with the logistics specialist CMA CGM.
Air France-KLM and CMA CGM will combine their fleet of all-cargo aircraft (4 for CMA CGM and 6 for Air France-KLM) with the possibility for AFKL to operate at least two aircraft out of the 8 currently on order on the logistics side .
Oddo believes that the combination of teams, the complementarity of know-how and the extension of the product range (logistics solutions with a multimodal sea, land, air and logistics offer) should make it possible to quickly generate revenue synergies’.
CMA CGM will become a new reference shareholder of AFKL with a desire to hold up to 9% of the ex-post capital.
‘ This announcement makes it possible to significantly reduce the pressure on the completion of the capital increase component of the financial restructuring since we understand that the contribution of CMA CGM (9% of the post increase capital) will certainly be combined with the support of the current reference shareholders. which currently represent 53% of the capital ‘indicates the analysis office.
‘On the other hand, this partnership makes it possible to strengthen the solidity of the freight activity and certainly its pricing power which we have seen so far eroding to return to the 2025 financial year on levels close to those of 2020’ adds Oddo .
The analyst confirms his opinion Underperforming with a price target of 4.4 E
‘With the uncertainties surrounding the financial restructuring playing the effect of a leaden screed on the price, we believe that this announcement will provide a breath of fresh air since it facilitates, in our opinion, the search for potential long-term investors’ indicates Oddo.
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