Derichebourg Stock Breaks Through Its €9.22 Resistance Ahead of Half-Year Results
Derichebourg's stock price rises to €9.2550 mid-session, while the CAC 40 drops by 0.46%. The recycling specialist's value flirts with its technical resistance at €9.22, three weeks ahead of its half-year earnings release. Over the past year, the stock has seen a 49.27% increase.
Derichebourg's stock is trading in the upper part of its Bollinger Bands, at about 79% of the range. The price has now surpassed its identified resistance at €9.22, after several sessions of consolidation around €8.90. The stock is significantly above its 50-day moving average (€8.69) and the 200-day moving average (€6.88), indicating a strong underlying momentum since the beginning of the year. The RSI at 61 remains out of the overbought zone, despite a three-month performance of 15.83%. Today's progress goes against the grain of the Parisian market, with the SBF 120 falling by 0.35% in the session.
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The next milestone is the publication of the half-year results for 2025/2026, scheduled for May 28. In the last fiscal year 2024/2025 report, the company aimed for a turnover at least equal to that of 2024-2025 (€3,337.1 million) and an EBITDA ranging from €320 to €350 million. The management then counted on an increasing contribution from Elior and support from ferrous volumes linked to the Carbon Border Adjustment Mechanism (CBAM) and the reform of European quotas. The sectoral context remains marked by the ECB's maintenance of key interest rates on April 30, the institution having noted an intensification of simultaneous risks on inflation and growth. The next concrete milestone for the stock: the half-year accounts on May 28.
SectorEnvironnement / recyclage · Services aux entreprises · Services aux collectivités›Gestion des déchets
Context
Period
Period: 2024-2025
Guidance from the release
C’est finalement un bel exercice, avec toutes les activités qui contribuent positivement au résultat. L’amélioration du résultat net est spectaculaire, grâce à l’ampleur du retournement réussi chez Elior Group.
Bonne résistance de l'activité malgré des prix bas des ferrailles et une baisse des volumes; amélioration des marges unitaires et forte contribution d'Elior; perspectives soutenues par mesures réglementaires européennes et nouveaux investissements.
Risks mentioned
Baisse des prix moyens des ferrailles et pression sur les volumes
Faible demande dans les secteurs automobile et construction en Europe
Visibilité réduite en contexte de bas de cycle
Opportunities identified
Amélioration de la contribution d'Elior Group
Entrée en vigueur du mécanisme d’ajustement carbone aux frontières et réforme des quotas/droits de douane favorisant la production locale
Mise en production de la nouvelle ligne de grenaillage de câbles en Espagne
Décarbonation des sites sidérurgiques en Europe susceptible d'augmenter la demande de ferrailles
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