Gr. Sarantis S.A.

Co. is a consumer goods manufacturer and distributor engaged in operations in Greece. Co. produces consumer goods such as cosmetics, pharmaceuticals, households, pet products, car's accessories and apparel. Co. produces its own brand name of cosmetic products such as Prosar, Str8, BU99, Clochard, Carroten, Tokalon and others. Co.'s product portfolio also includes a range of international brands such as Estee Lauder, Clinique, Aramis, Donna Karen, Orlane, Montana Versace and others.
  • TickerSAR
  • ISINGRS204003008
  • SectorPersonal Goods
  • CountryGreece

Analysts

1 director bought

A director at Sarantis Sa bought 9,524 shares at 6.754EUR and the significance rating of the trade was 57/100. 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 rules. The names of board me...

Research Team

The Rear-View Mirror – EME markets: Turkish ESI at 2008 bottom in September

EME Equity Market – September 2018 Market performance – Turkey up 17% mom in EUR terms in September. The MSCI EME gained 6.1% in September, rebounding from the 6.7% loss recorded in August. The Turkish ISE rose by 17% mom in EUR terms, while Moscow’s stock exchange gained 8.6%. Prague’s PX market rose 3.1% in September, while the Bucharest Stock Exchange recorded a mom gain of 1.3%. Budapest’s BUX also rose modestly, by 0.8%. On the other hand, Warsaw’s WIG20 fell by 1.8% mom, while the Greek ASE index underperformed all of its peers, losing 5.2% mom (all performances measured in EUR terms).

SARANTIS Full Equity Research Report by VRS, September 14, 2018

Sarantis is one of the leading companies in the highly competitive non-food FMCG market offering a wide range of products (≈80 different brands) through a widespread distribution network in 40 countries.

Natalia Svyrou-Svyriadi

SARANTIS - 1H18 results came in line with expectations – We retain our forecasts

Stamatios Draziotis CFA

Sarantis | Scent of growth

We initiate coverage on Sarantis, one of the leading producers and distributors of mass market cosmetics/household products in South and Central Eastern Europe. The group is poised to enjoy 5-6% organic growth sales in the coming years underpinned by the balanced category exposure (both aspirational and functional) and its broad geographic footprint (Greece c36% of sales). On our estimates, this will be further bolstered by recent acquisitions (c6% boost in 2018e) and will translate to c14% annual EBIT CAGR over 2017-20e. Driving the mid-teens earnings growth will be positive operating leverag...

Research Team

The Rear-View Mirror – EME markets: Turkish ESI at 2008 bottom in September

EME Equity Market – September 2018 Market performance – Turkey up 17% mom in EUR terms in September. The MSCI EME gained 6.1% in September, rebounding from the 6.7% loss recorded in August. The Turkish ISE rose by 17% mom in EUR terms, while Moscow’s stock exchange gained 8.6%. Prague’s PX market rose 3.1% in September, while the Bucharest Stock Exchange recorded a mom gain of 1.3%. Budapest’s BUX also rose modestly, by 0.8%. On the other hand, Warsaw’s WIG20 fell by 1.8% mom, while the Greek ASE index underperformed all of its peers, losing 5.2% mom (all performances measured in EUR terms).

SARANTIS Full Equity Research Report by VRS, September 14, 2018

Sarantis is one of the leading companies in the highly competitive non-food FMCG market offering a wide range of products (≈80 different brands) through a widespread distribution network in 40 countries.

Natalia Svyrou-Svyriadi

SARANTIS - 1H18 results came in line with expectations – We retain our forecasts

Stamatios Draziotis CFA

Sarantis | Scent of growth

We initiate coverage on Sarantis, one of the leading producers and distributors of mass market cosmetics/household products in South and Central Eastern Europe. The group is poised to enjoy 5-6% organic growth sales in the coming years underpinned by the balanced category exposure (both aspirational and functional) and its broad geographic footprint (Greece c36% of sales). On our estimates, this will be further bolstered by recent acquisitions (c6% boost in 2018e) and will translate to c14% annual EBIT CAGR over 2017-20e. Driving the mid-teens earnings growth will be positive operating leverag...

Natalia Svyrou-Svyriadi

SARANTIS - 1H18 Preview: Recent acquisitions should feed into foreign countries’ figures, while trends in Greece improve gradually

1 director bought

A director at Sarantis Sa bought 9,524 shares at 6.754EUR and the significance rating of the trade was 57/100. 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 rules. The names of board me...

A director sold 5,000 shares at 12.997EUR and

A director at Sarantis Sa sold 5,000 shares at 12.997EUR and the significance rating of the trade was 55/100. 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 rules. The names of boa...

Research Team

WOOD Morning (13 September)

HEADLINES: • OPAP: 2Q18 results - 5% beat on EBITDA on the back of tight cost control POSITIVE • Sarantis: 1H18 results - positive trends, remains a solid growth story POSITIVE • Richter: our first thoughts on the Estelle impact - not a game-changer • Echo Investment: a deep dive on why we remain bullish (plus a review of the key profit drivers for the next 18M) NEUTRAL • Medicalgorithmics: Apple Watch with heart monitoring and FDA clearance NEGATIVE • Enea: 2Q18 in line with preliminary numbers, boosted by windfarm impairment reversal NEUTRAL • Mytilineos: 1H18 - aluminium segment leading th...

Research Team

Focus: Echo Investment’s 2Q18 – headline results slightly better, but unit sales guidance cut again; Kruk – takeaways from the 2Q18 conference; Hellenic Bank’s 2Q18 results in line, but focus is on capital issue

HEADLINES: • Echo Investment: 2Q18 - headline results slightly better, but unit sales guidance cut again NEUTRAL • Kruk: takeaways from the 2Q18 conference POSITIVE • Hellenic Bank: 2Q18 results in line, but focus is on capital issue • Atrium: repurchases EUR 242m of existing bonds NEUTRAL • Medicalgorithmics: flat tests yoy in August NEGATIVE • Sarantis: 1H18E preview - reassuring results ahead (due out tomorrow, after the close) • Short News (CIE, GNB, OPL)

Research Team

WOOD Morning (13 June)

HEADLINES: * PKN Orlen: announces PLN 8.3bn petrochemicals investment * Warsaw Stock Exchange: supervisory board approves updated strategy - no details revealed NEUTRAL * CEZ: Zeman, Babis and Benes to meet on energy policy NEUTRAL * Cyfrowy Polsat: Sensor Overseas to sell up to 28.2m shares (a 4.4% stake) NEUTRAL * LPP: Inditex reports 1Q18 beat on gross margin - negative read-through for LPP NEGATIVE * Sarantis: stock split, ex-date today * Short News (GPW)

Research Team

WOOD Morning (5 June)

HEADLINES: * Kety: high dividends, but profitability eroding (HOLD - initiation of coverage) * Echo Investment: to sell 36% share in EPP for EUR 20.8m (EUR 1.15/share) POSITIVE * Jeronimo Martins: top offer to buy Piotr i Pawel delicatessen chain, according to Glos Wielkopolski POSITIVE * Cyfrowy Polsat: launches joint convergent product with Netia NEUTRAL * Cyfrowy Polsat: purchases Superstacja TV channel NEUTRAL * Richter: takeaways from Esmya call more encouraging than expected POSITIVE * Sarantis: trading update * Turkish automotive: LV sales down 14.8% yoy in Ma...

Research Team

WOOD Morning (27 April)

HEADLINES: * Greece: keep calm, this time it is real! (AEGN, ALPHA, BELA, CCH, ELPE, ETE, EUROB, EXAE, FOYRK, GRIV, HTO, MOH, MYTIL, OPAP, PPA, PPC, SAR, TITK, TPEIR) * Gazprom: 4Q17 results - weaker than expected NEGATIVE * Ford Otosan: 1Q18 review - a strong set of results POSITIVE * Tekfen: 1Q18 review - strong quarter, as expected NEUTRAL * Tofas: 1Q18 review - revenues and EBITDA in line, beat on net income NEUTRAL * Kruk: 1Q18 - 8-13% beat on net income; 30% yoy growth in revenues from Italy NEUTRAL * Warsaw Stock Exchange: 1Q18 - 6-7% beat on net income on lower op...

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