Report
(Sponsored) Triodos Bank - Fundamentals on the Rise
New records in top line and profits and there is more in storeIn H1-23, Triodos set new records in topline and profits. Total income, adjusted PPP, and adjusted net profit grew by respectively 32%, 144%, and 76% y/y, and amounted to respectively 62%, 77%, and 66% of the respective FY22 results. We expect H2-23 to be strong as well because of a benign interest rate environment, lower exceptional costs, and efficiency gains from restructuring that gradually start to kick in.Based on better than expected H1-23 results and a solid outlook, we raise our estimates for 2023, 2024, and 2025. The
Underlying
Triodos Bank
Provider
Degroof Petercam
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Michael Roeg
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