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欧舒丹(00973.HK)逆挫7.6%失百天线 第三财季经营溢利率逊预期
阿思达克 01-22 14:03

欧舒丹(00973.HK)第三财季经营溢利率不及预期,该股扭转昨天逆市微弹势,今天一举跌破百天线、50天、20天及10天线(17.53-18.86元),最低见17.4元,现造17.48元,逆挫7.6%,一向薄弱成交急增至154万股,创近两个月高,涉资2,822万元

欧舒丹昨天收市後公布第三财季销售净额增至5.79亿欧元,按报告汇率及固定汇计算同比分别升18%及15%。期内,按固定汇率计算(下同),LOccitane en Provence及LimeLife销售按年分别增长6.3%及11.7%;其他品牌销售按年跌1.1%。除日本及香港销售按年分别跌3.5%及1.3%外,其他地区销售均实现增长,尤其是英国急升98.4%;其次为中国及美国,分别增长32.4%及22.5%。

累计2020财年首三季,欧舒丹销售净额达13.06亿欧元,按报告及固定汇率计算,同比分别升20.2%及17.3%。

麦格理指出,欧舒丹第三财季经营溢利率受累新品牌表现疲软不及预期,但核心品牌及去年新并入的ELEMIS业绩表现推动利润率回升,故重申其「跑赢大市」评级,目标价升9.5%至23元。不过,基於第三财季运营数据,该行将公司今明两财年净利润预测下调4.4%及2.6%。

花旗指,虽然欧舒丹主要品牌第三财季销售额增长仍然稳健,但新品牌Limelife及Elemis表现喜忧参半,加上公司给出新经营利润率目标逊预期,短期拖累股价,故下调目标价3.8%至20.4元,评级下调至「中性」。

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