LONDON, November 28 (New Ratings) – Analysts at JP Morgan reiterate their “overweight” rating on Kesa (KESA.L).
In a research note published this morning, the analysts mention that Kesa reported its sales results for Q3. The company achieved exceptionally strong sales in August and September, with in-line sales in October. Kesa’s Darty division posted above expectations sales during the quarter, the analysts add. JP Morgan maintains its full year estimates for the company.
From New Ratings
It is reported today that analysts expect news of the worst underlying sales performance in more than a decade at Comet, when the parent company, Kesa, posts its interim results tomorrow. Credit Suisse expects the UK division to register a 13 per cent fall in like-for-like sales for the second qu…
Kesa Electricals, the retailer that owns the Comet chain, this morning reported better than expected second quarter sales figures after more people snapped up fridges and washing machines. Shares in Kesa rose by 4pc to 335p in early trading as the market reacted positively to the update.
Kesa Electricals, who own Comet in the UK, has signed an agreement to acquire Electrodomesticos Menaje Del Hogar Sociedad Anonima (“EMH”), a Spanish specialist electrical retailer, from funds controlled by Impala Capital Partners and the Perez family. The consideration is €100 million in cash…