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About You : FY 2023-24 results in line, growth recovery this year?
>Focus to shift from cost-cutting towards return to growth - Yesterday, About You reported results for FY 2023-24 which ended in February. FY 2023-24 sales increased 2% y-o-y to € 1,935m in line with consensus expectations. DACH was flat while Rest of Europe increased 3%. The TME business decreased 3%. Adjusted EBITDA came in at € 3m also in line with consensus expectations. This implies a margin of 0.2% which is an improvement of 740bp y-o-y. The gross margin rose 8...
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ABOUT YOU HLDG AG
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Oddo BHF
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.
Andreas Riemann
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