Allgeier SE : Strong results with an ambitious 2023 and mid-term guidance
>Revenue slightly above, profitability slightly below consensus - Allgeier unexpectedly announced its prelims for full-year 2022 on 9 March. The company increased its revenue by 21% y-o-y to € 487m, slightly above our and the consensus estimates of € 481m and € 484m respectively. EBITDA increased by 63% y-o-y to € 62m, which is slightly below our estimate of € 65m, but in line with the consensus € 63m. At the same time, the EBITDA margin increased by 330bp y-o-y to 12...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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