Arcure : Indicators remain positive, valuation still low
>FY 2023 results show strong growth - Arcure published this morning very good 2023 results, ahead of our expectations. With € 18.2m in (previously published) revenues, up 40% YoY, the gross margin rate stood at 57% (+6bp YoY), thanks to the increasing weight of Blaxtair Origin (offering higher margin) in the mix, which now accounts for the majority of revenues. EBITDA came in at € 4.1m, up 278%, implying a margin of 22.7%, up 11bp YoY (we were expecting € 3.2m est., ...Arcure SA is a France-based company specialized in the technology sector. The Company develops a range of solutions for enhancing the autonomy of industrial machinery. Arcure SA serves companies operating within construction, transport, tunnels or urban cleanup, logistics and the mining sector. Its portfolio includes two main products: Blaxtair and Omega. Blaxtair offers solutions for securing the perimeter around mobile industrial machinery and robots by preventing collision in working environments. Omega is an advanced stereoscopic camera calculating the disparity map by providing metadata to the user. Additionally, thanks to its two sensors, Omega provides the disparity map and raw images at 20 frames per seconds. Apart from France, the Company also operates in a number of countries, which includes Japan, Chile and England, among others.
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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