Novem : Adverse market environment expected to persist for another while
>Q2 2024-25 hit by tough market conditions - Novem released a weak set of Q2 2024-25 results, which are slightly below our expectations: Q2 2024-25 reported group sales are -19% y-o-y to € 139m (ODDO BHF: € 140m) with an organic growth rate of -17.1%. Revenues in Series were -20% y-o-y to € 120m, driven by persistent weak customer call-offs especially in Europe and Asia. Revenues in Tooling were -11% y-o-y to € 20m. While sales were up +4% y-o-y in the Americas, Eur...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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