(CercleFinance.com) – Oddo BHF reaffirms its ‘outperformance’ opinion and its price target of 55 euros on TFF Group, welcoming the publication by the specialist in barrels for wine and whiskey of good first half results, higher than its expectations.
After this publication, the research office leaves its 2023-24 scenario unchanged, namely a turnover of 487 million euros, up 10.7% (+14% on a comparable basis), and a ROC of 92 million , a margin of 19%, an improvement of 100 basis points.
‘The momentum remains good for the group and the growth embedded in bourbon is very solid with at the same time a nice improvement in profitability (normative level in wine and critical size effect in bourbon)’, estimates the analyst.
Copyright © 2024 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends using the buttons below.
