We initiate coverage on Groupe Gorge (ticker GOE), the Paris-listed industrial conglomerate. A multi-year, restructuring effort is nearing completion, structurally benefitting margins, cash returns on capital and growth, on our analysis. With further initiatives planned (disposals and a distribution of shares in 3D printing business Prodways to shareholders), we see Groupe Gorge likely exiting 2022 with a clear, simple structure and improved prospects relative to the past five years. Our valuati ....
13 Jan 2022
Regrouped and ready
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Regrouped and ready
- Published:
13 Jan 2022 -
Author:
Swaminathan Kartik SK -
Pages:
52
We initiate coverage on Groupe Gorge (ticker GOE), the Paris-listed industrial conglomerate. A multi-year, restructuring effort is nearing completion, structurally benefitting margins, cash returns on capital and growth, on our analysis. With further initiatives planned (disposals and a distribution of shares in 3D printing business Prodways to shareholders), we see Groupe Gorge likely exiting 2022 with a clear, simple structure and improved prospects relative to the past five years. Our valuati ....