Chargeurs is a French holding company turned industrial group organized around four separate businesses (Protective-Films, Fashion Technologies, Technical Substrates and Luxury Materials). After five years of restructuring pain in weak markets (2009-2014), Chargeurs is now posting a strong market position in each of its businesses.
CHARGEURS
Q3 performance confirms our FY view
Chargeurs released a solid set of results in Q3, with Protective Films continuing to perform strongly and Fashion Technologies showing signs that the recovery is picking up pace. The Museum …
H1 21: strong execution and record order books raise confidence on FY22 outlook
The company reported an encouraging first half, driven by the strong performance of Protective Films and Healthcare Solutions, though all divisions contributed positively to the group’s profitability in H1. With …
H1 21: strong execution and record order books raise confidence on FY22 outlook Read more
Change of valuation profile
We had initiated coverage of Chargeurs as a holding company then battling on to pay back its debt,. However, the strategy pursued by the new owner since 2015 and its …
Protective Films and Healthcare Solutions lead to record Q1 results
Leveraging the strong demand from the construction sector, Chargeurs’ Protective Films recorded robust sales growth, which, in combination with the top-line contribution of the group’s novel division, Healthcare Solutions, allowed …
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Restocking effect uplifts our FY21-22 view on CPF
The valuation increases across the different valuation metrics result in a 14.0% higher target price, pushing us further in our Buy recommendation. Chargeurs Protective Films’ strategic positioning and operational strengths …
CHS leads FY20 record result as Chargeurs embarks on new strategic plan
In a display of astute and agile management to face the difficult market context brought about by the pandemic, Chargeurs closed a successful FY20 with record profitability. This was driven …
CHS leads FY20 record result as Chargeurs embarks on new strategic plan Read more
FY20 ends on a high note as Protective Films bounces back
While the FY revenues were clearly driven by the success of Chargeurs’ venture into personal protective equipment under the Healthcare Solutions banner, the Q4 figures held a welcome surprise as …
FY20 ends on a high note as Protective Films bounces back Read more
Healthcare-led Q3 lifts full-year outlook
After a blockbuster Q2 led by the newly-added Healthcare division, Chargeurs’ Q3 results were once again bolstered by the strong sales performance in the health-related activities, this time accompanied by …
H1: an absolute home run
What Chargeurs has been able to accomplish in the challenging circumstances that marked this H1 is nothing short of remarkable. Quick-witted management and great execution allowed the company to post …
New healthcare products activity unlocks unforeseen organic growth potential
Chargeurs’ Q1 revenues showed a subdued impact in the context of the global crisis brought by the COVID-19 outbreak. More importantly, Chargeurs’ quick-witted move into the development of a new …
New healthcare products activity unlocks unforeseen organic growth potential Read more