   1   
Overview : Arseus What? Where? Financial analysis   Share price   Comparing 1H 2011 – 1H 2012 Forecast Conclusion ...
What?1 company  4 businesses    ARSEUS                           3
Where?Rotterdam               28 countriesWaregem               2500 employees                                4
Financial analysis :share price since IPO                        5
Financial analysis   :Since IPO + EPS                         6
Financial analysis :Share price last year                        7
Financial analysis :comparing 1H 2011- 2H 2012                  + 15                  %                             8
Financial analysis :comparing 1H 2011- 2H 2012                             9
Financial analysis :               comparing 1H 2011- 2H 2012EBIT – Company profit                  +21%                  ...
Financial analysis :                comparing 1H 2011- 2H 2012Net financial debt                                 Net finan...
ForecastLast trading update (12-10-2012) Organic growth : +   5,4% MANAGEMENT CONFIRMS :                                ...
Forecast  ANALYSTS CONSENSUS OF PROFITABILITY : Share price : € 14,3 = 1,23 * 11,62              12-2011      12-2012    ...
Forecast PERSONAL OPINION :A possible extra trigger :Arseus can be a target for a great pharma-player             CAN DRI...
Conclusion      Non—cyclical industry      High growth potential for long termLOW RISK INVESTMENT with a change of a GOO...
The endThanks for listening!                        16
Sources   http://www.bloomberg.com/quote/RCUS:BB   http://www.arseus.com/nl/   http://www.tijd.be/beurzen/Arseus.601940...
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Arseus

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Arseus

  1. 1.  1 
  2. 2. Overview : Arseus What? Where? Financial analysis  Share price  Comparing 1H 2011 – 1H 2012 Forecast Conclusion Sources 2
  3. 3. What?1 company  4 businesses ARSEUS 3
  4. 4. Where?Rotterdam 28 countriesWaregem 2500 employees 4
  5. 5. Financial analysis :share price since IPO 5
  6. 6. Financial analysis :Since IPO + EPS 6
  7. 7. Financial analysis :Share price last year 7
  8. 8. Financial analysis :comparing 1H 2011- 2H 2012 + 15 % 8
  9. 9. Financial analysis :comparing 1H 2011- 2H 2012 9
  10. 10. Financial analysis : comparing 1H 2011- 2H 2012EBIT – Company profit +21% 10
  11. 11. Financial analysis : comparing 1H 2011- 2H 2012Net financial debt Net financial debt is increasing! 2011 2012 11
  12. 12. ForecastLast trading update (12-10-2012) Organic growth : + 5,4% MANAGEMENT CONFIRMS : Profitability is expected to grow faster than turnover growth. 12
  13. 13. Forecast  ANALYSTS CONSENSUS OF PROFITABILITY : Share price : € 14,3 = 1,23 * 11,62 12-2011 12-2012 12-2013 12-2014 act est est est EPS 1,08 1,23 1,32 1,54 P/E 13,24 11,62 10,83 9,29 PERSONAL OPINION :Share price today (10nov) €14,01Price target end 2014 : 1,54 * 11,62 = €17,9Return 27,76% on 2 years  annual + 13% 10 times return of a saving account! 13
  14. 14. Forecast PERSONAL OPINION :A possible extra trigger :Arseus can be a target for a great pharma-player CAN DRIVE THE SHARE PRICE EVEN HIGHER! 14
  15. 15. Conclusion  Non—cyclical industry  High growth potential for long termLOW RISK INVESTMENT with a change of a GOOD RETURN  6/2/2013 next annual results 15
  16. 16. The endThanks for listening! 16
  17. 17. Sources http://www.bloomberg.com/quote/RCUS:BB http://www.arseus.com/nl/ http://www.tijd.be/beurzen/Arseus.60194088 http://www.euroinvestor.com/exchanges/arseus http://www.beursduivel.be/nieuws/2621649/omzettoena me-arseus.html http://moneytalk.knack.be/economie/geld-en- beurs/beursnieuws/organische-groei-arseus-verloopt- sneller-dan-totale-groei/article-4000201384488.htm 17

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