Allgeier SE : Allgeier issues profit warning as top- and bottom-line comes in significantly below expectations
>Continued project delays at publicplan subsidiary negatively affected results - Allgeier just unexpectedly released its Q3 results, which are -15.2% and -8.6% below consensus expectations for revenue and adj. EBITDA respectively. The revenue and earnings development in Q3 2024 was significantly affected by delays in digitalisation projects with public clients, particularly at the subsidiary publicplan. This resulted in a revenue shortfall of over € 4.0m for the quart...Allgeier is an information technology (IT) company for business performance. Co. develops and completes software for digital network operators, trade applications and cloud computing users. Co. also provides integrated systems for inventory control systems, document management, integrated mail systems, and eCommerce. In addition, Co.'s operative business is classified into three segments: Solutions, Experts and Projects, which are spread across four relevant markets: IT Services, Software, IT Hardware, and Information Technology. Co.'s main customer base includes, the banking, finance, and insurance sectors.
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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