Allgeier SE : Revised guidance still seems ambitious, despite a more positive H2 outlook
>Reduction of low margin staffing business leads to gross margin improvement - Following Allgeier’s Q2 release, we update our outdated model and reassess our assumptions. Allgeier is in an ongoing transformation process in which the company is substantially reducing the low margin part of its staffing business (Enterprise IT segment). This process has already started in H2 2023 and is starting to bear fruit with gross profit margins expanding from roughly 68.2% in H1 ...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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