Somfy S.A.

Somfy SA is a France-based company engaged in the design, manufacture and development of controls for openings and closures of homes and commercial buildings. The Company's range of products include automatic controls for awnings, rolling shutters, storefront grills, garage doors and gates, motors and controls for roller shutters and curtains, venetian blinds and all interior window coverings and decoration, alarm systems and for protecting large utility facilities. It has operations in France, Germany, Greece, Romania, Italy, Middle East, Asia Pacific, and the United States, among others.The Company operates through Garen Automacao, Neocontrol Solucoes em Automacao SA and MyFox, among others. It joins venture with iHome in South East Asia.
  • TickerSO
  • ISINFR0013199916
  • ExchangeEuronext Paris
  • SectorElectronic & Electrical Equipment
  • CountryFrance

Analysts

Emmanuel Matot ...
  • Jean-François Granjon
  • Martial Descoutures
  • Nicolas Thorez
  • Pierre Corby
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 09/11/2019

Mediawan’s share price has returned to a level close to the IPO price. Yet the group has made several shrewd acquisitions, built up its structure and proven capable of generating solid organic growth (+13% in 2018) and high margins (19%). There is increasing demand for content and a number of examples in the sector (Entertainment One and KKR) illustrate that the group's strategy is sound. The group is due to report its H1 2019 figures on 30 September which should confirm the favourabl...

Emmanuel Matot

Somfy : Publication confirms the quality of the stock

>Good operational leverage in H1 stemming from unchanged momentum on sales - Somfy reported its H1 results yesterday evening. They beat our forecasts with an +11% increase in underlying operating profit to € 115m (vs ODDO BHF = € 105m) driven by sales growth (+5% organic – data published in July in line with 2018), management of selling prices (relatively stable) and control on spending (productivity gains, control of overheads, stabilisation of strategic investment)....

Emmanuel Matot

Somfy : Publication confirmant la qualité du dossier

>Bon fonctionnement du levier opérationnel au S1 à partir d’une dynamique inchangée de l’activité - Somfy a publié hier soir ses résultats S1. Ils ressortent supérieurs à nos attentes avec notamment un ROC en progression de 11% à 115 M€ (vs ODDO BHF = 105 M€) grâce à la croissance du CA (+5% en organique – donnée communiquée en juillet et dans la lignée de 2018), au pilotage des prix de vente (relativement stables) et à un contrôle des dépenses (gains de productivité,...

Alain William ...
  • Antoine Boivin-Champeaux
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Ayachi
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jeremy Garnier
  • Johanna Jourdain
  • Michael Foundoukidis
  • Nicolas David
  • Nicolas Thorez
  • Olivier Lebrun
  • Roland Pfaender
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 19/07/2019

La nouvelle stratégie, dont Ben Smith consolide actuellement méthodiquement les fondations, pourrait apporter un supplément net de 200 pb de marge EBIT (vs 4.6% en 2019) grâce à l’activation de leviers à la main du management à horizon 3 ans. Une adhésion des pilotes rendrait possible une évolution en profondeur et une appréciation des multiples avec un best case ajoutant 20 € à notre OC. Achat réitéré. Le titre fait partie de notre liste de Convictions large caps. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Ayachi
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jeremy Garnier
  • Johanna Jourdain
  • Michael Foundoukidis
  • Nicolas David
  • Nicolas Thorez
  • Olivier Lebrun
  • Roland Pfaender
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/19/2019

The new strategy, the foundations of which Ben Smith is methodically consolidating, could add an extra 200bp of EBIT margin (vs. 4.6% in 2019) thanks to the activation of the levers in management’s hands over the next three years. Support from the pilots would facilitate a radical change and a re-rating with a best case adding € 20 to our target price. Buy recommendation reiterated. The stock is part of our Large Cap Convictions List. - - ...

Emmanuel Matot

Somfy : Publication confirms the quality of the stock

>Good operational leverage in H1 stemming from unchanged momentum on sales - Somfy reported its H1 results yesterday evening. They beat our forecasts with an +11% increase in underlying operating profit to € 115m (vs ODDO BHF = € 105m) driven by sales growth (+5% organic – data published in July in line with 2018), management of selling prices (relatively stable) and control on spending (productivity gains, control of overheads, stabilisation of strategic investment)....

Emmanuel Matot

Somfy : Publication confirmant la qualité du dossier

>Bon fonctionnement du levier opérationnel au S1 à partir d’une dynamique inchangée de l’activité - Somfy a publié hier soir ses résultats S1. Ils ressortent supérieurs à nos attentes avec notamment un ROC en progression de 11% à 115 M€ (vs ODDO BHF = 105 M€) grâce à la croissance du CA (+5% en organique – donnée communiquée en juillet et dans la lignée de 2018), au pilotage des prix de vente (relativement stables) et à un contrôle des dépenses (gains de productivité,...

Alain William ...
  • Antoine Boivin-Champeaux
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Ayachi
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jeremy Garnier
  • Johanna Jourdain
  • Michael Foundoukidis
  • Nicolas David
  • Nicolas Thorez
  • Olivier Lebrun
  • Roland Pfaender
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 19/07/2019

La nouvelle stratégie, dont Ben Smith consolide actuellement méthodiquement les fondations, pourrait apporter un supplément net de 200 pb de marge EBIT (vs 4.6% en 2019) grâce à l’activation de leviers à la main du management à horizon 3 ans. Une adhésion des pilotes rendrait possible une évolution en profondeur et une appréciation des multiples avec un best case ajoutant 20 € à notre OC. Achat réitéré. Le titre fait partie de notre liste de Convictions large caps. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Ayachi
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jeremy Garnier
  • Johanna Jourdain
  • Michael Foundoukidis
  • Nicolas David
  • Nicolas Thorez
  • Olivier Lebrun
  • Roland Pfaender
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/19/2019

The new strategy, the foundations of which Ben Smith is methodically consolidating, could add an extra 200bp of EBIT margin (vs. 4.6% in 2019) thanks to the activation of the levers in management’s hands over the next three years. Support from the pilots would facilitate a radical change and a re-rating with a best case adding € 20 to our target price. Buy recommendation reiterated. The stock is part of our Large Cap Convictions List. - - ...

Emmanuel Matot

Somfy : Further organic growth

>No break in sales momentum in H1 +5% in Q2 after +5% in Q1 and +5% in 2018 - Somfy reported yesterday evening its H1 2019 sales. They came in at € 615m, in line with our expectations (€ 614m), pointing to unsurprising organic growth (+5%, of which +5% in Q2 and +5% in Q1; reminder 2018 = +5%).By region, we would note in particular 1/ strong momentum in northern Europe (+16%) and central/eastern Europe (+16%), 2/ a satisfactory performance in Germany (+6%), Asia ...

1 director bought

A director at Somfy Sa bought 12,000 shares at 81.100EUR and the significance rating of the trade was 67/100. 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 mem...

Emmanuel Matot ...
  • Jean-François Granjon
  • Martial Descoutures
  • Nicolas Thorez
  • Pierre Corby
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 09/11/2019

Mediawan’s share price has returned to a level close to the IPO price. Yet the group has made several shrewd acquisitions, built up its structure and proven capable of generating solid organic growth (+13% in 2018) and high margins (19%). There is increasing demand for content and a number of examples in the sector (Entertainment One and KKR) illustrate that the group's strategy is sound. The group is due to report its H1 2019 figures on 30 September which should confirm the favourabl...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Aurelien Sivignon
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Hela Zarrouk
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 03/07/2019

...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Aurelien Sivignon
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Hela Zarrouk
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/03/2019

...

Anis Zgaya ...
  • Aurelien Sivignon
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Khaled Ben Amor

ODDO BHF Small & MIDCAP MORNING NEWS - 01/25/2019

...

Anis Zgaya ...
  • Aurelien Sivignon
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Khaled Ben Amor

ODDO BHF Small & MIDCAP MORNING NEWS - 25/01/2019

...

MarketLine Department

Federal Signal Corporation - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Federal Signal Corporation Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Federal Signal Corporation since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competiti...

Expert Corporate Governance Service (ECGS)

Somfy SA - Assemblée Générale des actionnaires du 22 Mai 2019

Pour la deuxième année la société soumet au vote de ses actionnaires les rémunérations attribuées au titre de l'exercice passé. Bien que la société communique clairement les montants attribués, certains éléments permettant une parfaite compréhension de ceux-ci manquent, notamment le taux de réalisation de chacun des critères du bonus annuel. Par ailleurs, bien que la société n’ait pas attribué d’actions gratuites à ses dirigeants en 2018, la politique de rémunération prévue pour 2019 demeure inchangée: les critères d’attribution ne peuvent pas être considérés de long-terme puisque les perform...

Jehanne Leroy

Proxy Report - 16/05/2018

Pour la première année, la société soumet au vote de ses actionnaires les rémunérations attribuées au titre de l'exercice passé. Bien que la société communique clairement les montants attribués, certains éléments permettant une parfaite compréhension de ceux-ci manquent, notamment le taux de réalisation de chacun des critères. Par ailleurs, bien que la société ait attribué des actions gratuites à ses dirigeants, celle-ci ne peuvent pas être considérées comme de la rémunération long-terme puisque les performance ne sont mesurées que sur 2 années. Ainsi, aucune part de la rémunération ne repose...

Valérie GASTALDY

Analyse court terme - SOMFY : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 65,30 €. La tendance de fond serait remise en cause en cas de franchissement de 78,50 €.

Valérie GASTALDY

Short term view - SOMFY : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €65.30. The background trend would be questioned should prices rise above €78.50.

Valérie GASTALDY

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

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €65.30. The background trend would be questioned should prices rise above €78.50.

Valérie GASTALDY

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

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 65,30 €. La tendance de fond serait remise en cause en cas de franchissement de 78,50 €.

Jérôme VINERIER

Medium term view - SOMFY : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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