(Boursier.com) — In limited volumes, DeltaPlus gained 1.6% to 82 euros the day after the announcement of record turnover of 420.2 million euros, up 22.1% (+2.9% at scope and exchange rates constants). For 2023, the Group is aiming for continued organic growth in its turnover, despite a very uncertain macro-economic and geopolitical context. Management continues to put in place all the measures intended to limit the impact of significant adverse events on the level of operating profitability and to defend a level of 2022 results in line with the performances posted in the 1st half.
After updating the market parameters (comparable + WACC), Portzamparc raises its target price from 81 to 86 euros. However, it downgrades the file to be ‘strengthened’ while the title seems to have returned to a valuation basis consistent with the fundamentals.
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