'Excellent' first quarter lifts Chargeurs shares

Compagnie Chargeurs Invest SA

12/05/2022 08:15

** Shares in Chargeurs  CRIP.PA  rise around 5% after the
France-based niche technology firm reported growth in its Q1
revenue  urn:newsml:reuters.com:*:nFWN2X32Q8
    ** Q1 sales rose 12.6% to 203.5 million euros ($213.80
million)
    ** The company says its "extremely limited" exposure to
Russia was less than 0.4% of 2021 revenue
    ** "A cannon start to the year," says Midcap Partners
("buy"), noting the revenue came well above its estimate of
172.8 million euros 
    ** The broker adds the stock's valuation is "derisory"
    ** Portzamparc ("buy") says the "excellent" results confirm
dynamism and strong demand from Chargeurs's end markets and the
firm's pricing power 
    ** Including today's rise, the stock is down around 34% YTD​

($1 = 0.9518 euros)

 (Reporting by Olivier Sorgho)
 ((Olivier.sorgho@thomsonreuters.com))