Solocal Group SA is a France-based company, which is engaged in local online communication. The Company provides digital content, advertising solutions and transactional services that connect people with local businesses. Solocal Group SA operates in France, Spain, Austria and the United Kingdom and supports the online development of SMB and client accounts, mainly through its four flagship brands: PagesJaunes (engaged in local advertising and information on the Internet and in mobile and print media), Mappy (a portal of services relating to travel: maps, journey planners, local area information searches, before and during the journey), Ooreka (a database of content with practical guides, tutorials, among others, written by such specialists as notaries, lawyers, doctors, electricians and gardeners, among others.
  • TickerLOCAL
  • ISINFR0012938884
  • ExchangeEuronext Paris
  • SectorMedia
  • CountryFrance

Analysts

Valérie GASTALDY

Analyse court terme - SOLOCAL GROUP : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 0,4618 €, puis 0,3719 €. Le franchissement de 1,0600 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - SOLOCAL GROUP : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €0.4618, then €0.3719. Passing €1.0600 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - SOLOCAL GROUP : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 0,4618 €, puis 0,3719 €. Le franchissement de 1,0600 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - SOLOCAL GROUP : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €0.4618, then €0.3719. Passing €1.0600 would question the continuation of the fall.

3 directors bought

Three Directors at Solocal Group bought 2,157,662 shares at between 0.636EUR and 0.653EUR. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing ...

Jean-Rene Meduri

SOLOCAL- 2Q18 Comments

Solocal held a conference call this morning to discuss what proved to be a weak 1H18 financial performance. Revenue was down by 4.7% yoy to €350m while recurring EBITDA came in 11.9% weaker at €70m. This semester - and especially the latest quarter - the performance of the digital segment (84% of total revenue) was disappointing, albeit not really surprising given subdued digital sales orders in 1Q18 (-6% yoy) following the announcement of the redundancy plan (there is a timelag of a few months between orders and revenues).

Jean-Rene Meduri

Solocal 1Q18 - Worrying digital sales orders

Solocal held a conference call to discuss what a weak 1Q18 performance was. Revenue continued to decline (-4% yoy to €168m). The growth of the Digital segment (90% of revenue) remained low at 1% yoy and was far from being able to compensate for the strong and accelerating decline of the print segment (-37% yoy).

Jean-Rene Meduri

SOLOCAL- Rating Report

We have reaffirmed our rating on Solocal of B. We nonetheless change our outlook to Negative from Stable.Our rating is supported by i) the leading position of Solocal in the French digital market ii) the long-term partnerships with major search engines and social media (Google, Bing, Facebook and Apple) that significantly improve Solocal’s position through referencing and shared content, iii) a moderate net leverage of 1.7x as of end-December 2017, and iv) a debt structure that incentivizes the company to deleverage and refinance as soon as possible.  

Moody's changes outlook on SoLocal's B3 CFR to stable from positive

Moody's Investors Service, ("Moody's") has today changed to stable from positive the outlook on the ratings of SoLocal Group S.A. ("SoLocal" or "the company"). Concurrently, Moody's has affirmed the B3 corporate family rating (CFR) and the B3-PD probability of default rating (PDR) of SoLoc...

Moody's changes outlook on SoLocal's B3 CFR to stable from positive

Moody's Investors Service, ("Moody's") has today changed to stable from positive the outlook on the ratings of SoLocal Group S.A. ("SoLocal" or "the company"). Concurrently, Moody's has affirmed the B3 corporate family rating (CFR) and the B3-PD probability of defau...

Julien Onillon

SoLocal Group, Q3 2018 Sales

As we feared, Solocal's order intake collapsed in the third quarter. In digital, they fell by nearly 20% year-on-year and by 31% quarter-on-quarter. Management states that the decline was anticipated and that it is only the temporary consequence of the disorganization resulting from the departure during the summer of 800 employees, half of whom are salesmen. As proof of this, the company confirms its guidance of a recurring EBITDA of 170 million euros for 2018. Nevertheless, this decline remains worrying.

Babi Kulasingham

SOLOCAL CA T3 2018 (-). Une publication en demi-teinte

SOLOCAL CA T3 2018 (-). Une publication en demi-teinte

Babi Kulasingham

SOLOCAL. E-commerce finally in place! (+)

SOLOCAL. E-commerce finally in place! (+)

Julien Onillon

SoLocal Group, 1H2018 Results

The results of the SoLocal group were well received. Despite a net loss of € 80 million in the half-year, the share price rose 1.7% over the day. Investors, who feared the worst, were reassured by the confirmation of group's guidance (€ 170 million of recurring EBITDA) but above all they appreciated the 3% increase in orders in digital in Q2 year-on-year. Indeed, it appears to be a good figure when we know that the group suffered significant social tensions during the quarter and that, in the same context, digital order intake fell by 6% in Q1. Beyond the group’s excellent financial communicat...

Julien Onillon

SoLocal Group, Sell Conviction

You are a shareholder of SoLocal? You are thinking of investing in the stock? you find the new management very convincing? You believe in the company recovery? The valuation of the share seems particularly attractive to you... We have a contrarian view, we have a Sell opinion on the stock.

3 directors bought

Three Directors at Solocal Group bought 2,157,662 shares at between 0.636EUR and 0.653EUR. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing ...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

Proxy Report - 25/06/2018

Après plusieurs exercices de difficultés financières, marqués par la résistance des actionnaires minoritaires, les renégociations des conditions de la restructuration financière sous la pression des actionnaires, et enfin le départ de l’ancienne équipe dirigeante, Solocal semble enfin être re-partie sur de toutes nouvelles bases, avec, notamment, une toute nouvelle équipe dirigeante (Pierre Danon, Président du conseil et Eric Boustouller, Directeur Général). La présente assemblée est plutôt courte puisque les rémunérations (passées et futures) et délégations financières ont été votées lors de...

Anaïs Dudout

Proxy Report - 09/03/2018

Après une période de grandes difficultés financières, Solocal est parvenu à redresser son niveau de dette via des levées de fonds importantes demandées à ses actionnaires. Cette assemblée générale est marquée par un renouvellement de son équipe dirigeante, et les actionnaires sont amenés à voter sur les rémunérations des anciens et des nouveaux mandataires sociaux dirigeants (résolution 3 à 13). La société a nommé comme nouveau Président du conseil Pierre Danon, et comme nouveau Directeur Général Eric Boustouller, ancien directeur Général de Microsoft France. La société désre mettre en place u...

Loïc Dessaint

Etude de l'AG du 15/12/2016

Lors de l'assemblée générale du 19 octobre de Solocal Group, le plan de restructuration proposé avait été rejeté. L'association des porteurs individuels RegroupementPPLOCAL , à la suite d'une information contestable des dirigeants sur la clause d'un emprunt obligataire susceptible de provoquer une exigibilité anticipée, n'avait pu finalement faire élire que trois administrateurs non présentés par le Conseil.Un plan légèrement amendé en faveur des actionnaires a été adopté par le Conseil, plan qui a été jugé insuffisant par la plupart des animateurs initiaux de RegroupementPPLOCAL comme par le ...

Loïc Dessaint

Etude AG du 19/10/2016

Assemblée générale mixte particulièrement contestée pour cette société soumise à un plan de restructuration très critiqué par les actionnaires. La communication financière de la société pose de réels soucis ainsi que la composition du conseil et son comportement très critiqués publiquement par l'association des porteurs individuels RegroupementPPLocal (1400 membres) en raison de l'évolution du cours depuis la mi-2015 et du plan de restructuration proposé. L'approbation des comptes sociaux et consolidés appelle de sérieuses réserves. Il en est aussi des autorisations financières proposées en li...

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

Valérie GASTALDY

Analyse court terme - SOLOCAL GROUP : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 0,4618 €, puis 0,3719 €. Le franchissement de 1,0600 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - SOLOCAL GROUP : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €0.4618, then €0.3719. Passing €1.0600 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - SOLOCAL GROUP : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 0,4618 €, puis 0,3719 €. Le franchissement de 1,0600 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - SOLOCAL GROUP : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €0.4618, then €0.3719. Passing €1.0600 would question the continuation of the fall.

Valérie GASTALDY

Short term view - SOLOCAL GROUP : The background trend is clearly bearish.

The background trend is clearly bearish. The bounce is gaining strength. It is too early to qualify this market action as a bullish reversal. The background trend would be questioned should prices rise above €1.208.

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