BÉNÉTEAU : Oddo BHF remains Buy after half-year results
In view of the good margins for the current year, the research department's EPS estimates for 2023 have been raised by 4.9%, but those for 2024 have been lowered by 1.7% to take account of stable yacht sales next year.
The forthcoming publications will provide us with greater visibility on business trends in 2024, and enable us to refine our scenario. Even assuming virtually no growth in 2024, valuation multiples remain very modest", he believes.
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