Originally Posted by
optirep
Safilo
Safilo has closed the first nine months of 2006 with revenues for 843,6 million euro, +8.6% regarding 776,7 million the same months of 2005. The turnover has not been influenced from the course of the exchange rate. The Gross Operating Margin is practically remained invariato to 128,1 million euro, while the profit clearly is jumped of 83% to 29,1 million euro.
While, the society has announced the acquisition of the chain of stores Loop Vision. For the 61 points of sale in Spain Safilo it will pay 23 million euro.
Ubs thinks that the data of Safilo have been better of the waits and confirmation the judgment “Buy” (to acquire) and the target price of euro on the 5 title it. Also Cheuvreux and Deutsche Bank have appreciated turn out you of the society and have raised the objective price respective to 4,45 euro and 4,9 euro. However, the judgment of Cheuvreux is “Underperform”, while Deutsche Bank advises to the purchase of the title it.
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