Oddo BHF - AFYREN (ALAFY) AFYREN : Unsurprising H1 2024 results – pending continuous production at first plant

Report

Oddo BHF

Jeremy Garnier

AFYREN : Unsurprising H1 2024 results – pending continuous production at first plant

>H1 revenues of € 1.4m, down 30% / EBIT of -€ 3.6m - AFYREN’s H1 2024 results, reported yesterday evening, were broadly in line with our estimates. Revenues dropped by 30% to € 1.4m, with two constituent elements: i/ income from patent licences and ceded to AFYREN NEOXY since December 2018 for € 0.7m (stable) and ii/ service contracts with AFYREN NEOXY, also for € 0.7m (down as a result of the ramp-up of teams on site). Opex is stable (€ 5m), giving EBIT of -€ 3.6m. ...

01/10/2024 1 EN

Underlying

AFYREN

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FR0014005AC9 Euronext Paris France

Provider

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.

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Analysts

Jeremy Garnier

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AFYREN : Unsurprising H1 2024 results – pending continuous production at first plant

ODDO BHF Small & MIDCAP MORNING NEWS - 10/01/2024

ODDO BHF Small & MIDCAP MORNING NEWS - 01/10/2024

Verallia : Trop tôt pour revenir sur le verre

Verallia : Too early to revisit the glass sector

La Française des Jeux : Focus Emission

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