Report
Allfunds Group Plc : Model update post Q3 2023 figures
>FY 2023 revenue growing at c.6%, slightly below company guidance - We are fine-tuning our model on Allfunds post Q3 2023 results. We trim 2023 AuA by 4% and now forecast a total level of assets at EoP of € 1.325tn, implying 2.2% organic growth YoY. This translates to FY 2023 revenue of € 523.5m, which is 2.2% below our previous estimate, and growing 5.8% YoY. Our new forecast is lower vs Allfunds’ initial guidance of high-single-digit growth in 2023, which assumed a...
Underlying
ALLFUNDS (UK) LTD
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.
Julian Dobrovolschi
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