The most important thing we can do for our clients today is to listen. By understanding what you want out of life, we can help you put the right financial plan and investment strategy in place to achieve your personal goals.
Davy Corporate Finance is Irelands largest corporate financial adviser.
We work with domestic and international public, private, commercial and semi-state entities, combining innovative advice and proven execution skills, to provide a complete range of integrated corporate finance services.
Davy is the market leader in the origination, distribution and trading of Irish equities.
Our equity sales and trading function provides analysis and execution for domestic and overseas institutional investors, including some of the largest global fund managers, hedge funds, sovereign entities and money managers.
Davy Property is one of the largest direct property investment and asset management businesses in Ireland. Our Property business is focused around Property Management, Property Investment and Portfolio Restructuring & Refinancing.
Davy is one of the largest providers of probate services to solicitors, executors and administrators in Ireland.
Our team deals directly with company registrars on your clients behalf taking the uncertainty out of securities and estate administration.
Employing over 560 people, we offer a broad range of services to private clients, small businesses, corporations and institutional investors, and organise our activities around five interrelated business areas - Asset Management, Capital Markets, Corporate Finance, Private Clients and Research.
Danone’s Q1 update confirms a slow start to 2017 with organic sales growth of 0.7%, which was in line with consensus expectations. On the conference call, Danone categorised its second quarter as a “transition quarter”, which suggests limited revenue progression. Full year guidance was updated to capture a first-time contribution from WhiteWave – Danone now expects to achieve double-digit EPS growth on a constant currency basis. Underpinning its assumption is ‘moderate’ organic sales growth and an improvement in like-for-like margins. We believe that the market has already arrived at a similar expectation, although our forecasts (EPS +7.6%) include a more cautious stance on margin development for the legacy Danone business. We note that from H2 2017, WhiteWave’s contribution will be treated as organic under a new segmental reporting structure. While valuation is not stretched, we retain our ‘Neutral’ stance in light of on-going revenue challenges and an inflationary backdrop for Danone’s strategic raw materials.