(Boursier.com) — Company of the Alps climbed 2.5% to 15 euros on Wednesday, while the group’s turnover amounted to 678.5 ME in the 1st half of the 2022/23 financial year, up 25.4%, at real scope, and 14.4% on a like-for-like basis compared to the first half of the 2021/22 financial year. Despite an inflationary context, the Gross Operating Surplus grew by 1% in the 1 st half of 2022/23. It stands at 232.7 ME against 230.4 ME for the same period 2021/22.
The net income group share for the 1st half of 2022/23 amounts to 107.6 ME, a decrease of 4.5% compared to the 1st half of 2021/2022.
“No surprise, the group is relatively well in control of its inflationary environment but should be even more efficient in H2, contrary to what the guidance suggests,” estimates Portzamparc, which is targeting a price of 21 euros by remaining buying on the file. For its part, Oddo BHF adjusted its target from 18.5 to 19 euros with an opinion to ‘outperform’.
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