(News Bulletin 247) – Oddo BHF maintains its ‘outperformance’ rating on the Vinci share, with an unchanged price target of 138 euros.
While Vinci will publish its half-yearly on July 28, the analysis office anticipates “a solid performance in the 2nd quarter”.
‘Motorway concessions should confirm their good momentum with sales up 4.5% in Q2 and H1. VINCI Airports will continue to improve, posting a 60% increase in sales in Q2 (+70% in H1),’ says Oddo BHF.
In concrete terms, the analyst is counting on a half-yearly turnover of 32.5 billion euros, an operating profit of 3.5 billion euros and a net profit of 2.2 billion euros.
“The group should maintain its annual guidance of an increase in its turnover and operating profit on a more modest scale than in 2022”, concludes Oddo BHF.
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