Adevinta : A reassuring release, lending credibility to 2022 targets
>A reassuring release – Outperform recommendation reiterated - Following a solid set of Q1 2022 earnings that was reassuring on a number of points, we reiterate our Outperform recommendation. We see two main takeaways: 1/ Q1 demonstrated the group’s ability to control costs, which makes the 2022 guidance more credible (margin in Q1 broadly in line with the full-year targets); 2/ momentum should become more favourable in the automotive segment (~40% of revenues), comin...
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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