May 02, 2017

Chargeurs

We feel like a BUYER on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger
CRI.PA (ISIN FR0000130692)

Chargeurs is a France-based company active in the area of textiles. The Company manufactures fabrics and garment interlinings for the apparel industry. It operates in three business segments: Temporary surface protection, through Chargeurs Protective Films, primarily in the building materials industry, but also in electronics and household appliances; Technical textiles, through Chargeurs Interlining; and Raw material processing, through Chargeurs Wool which specializes in top making, consisting of designing wool blends.  

Market: Euronext Paris



Gain over the quarter: +27.9 % 

Fair value: 24.5 €
Discount: 5.6%
Average yearly return: 49%
Outperformer

On April 20, 2017 Chargeurs SA announced: * In Q1 of 2017 consolidated revenue rose 8.1 pct * Q1 revenue EUR 143.4 million versus EUR 125.3 million year ago * On track for meeting full-year targets

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