Analyst Research Report Snapshot

Title:

POUJOULAT - CHALLENGING MARKETS OFFSET BY INVESTMENT & RENEWABLES DEMAND

Price:

$10.00

Provider:

Edison Investment Research

Date:

17 Jun 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

ALPJT.PA

Available for Immediate Download
Summary:

Weaker construction markets present challenges for Poujoulat, as do higher commodity (metals and energy) prices, which affect sales volumes and dent margins. That reduces income for investment in new product lines and international expansion and prompts price competition in a fragmented market. Counter arguments suggest that high fossil fuel prices and new thermal regulations will drive demand for renewables and energy efficient systems, both areas of recent investment by the group. Poujoulat's operation in China (a major market for industrial chimneys) should be up and running next year.

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