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About You : Q1 sales below, profits above, lowering FY estimates
>Lower growth but good cost control in Q1 - Yesterday, About You reported results for Q1 2024 which ended in May. Sales increased 2% y-o-y to € 518m (consensus: € 527m, ODDO BHFe: € 526m) which was 2% below very thin Visible Alpha consensus. While the number of active customers decreased, the average basket was up 7%. Adjusted EBITDA came in at € 15m (consensus: € 6m, ODDO BHFe: € 10m) and was thus above the consensus. However, we think not many analysts did contribut...
Underlying
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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