Report
Arverne Group : Various technical milestones achieved but costs higher than expected
>Results short of our expectations - Arverne reported its H1 2024 results yesterday evening. It posted H1 2024 revenues of € 4.5m (or a decline of 19% y-o-y). This drop can be attributed to the “temporary interruption of a well maintenance campaign at the start of the year already factored into the 2024 targets”. EBITDA amounted to -€ 8.9m (vs -€ 3.1m in N-1 and -€ 5.1m expected). This is mainly due to the increase in spend related to purchasing and outsourcing of 63%...
Underlying
ARVERNE GROUP SA
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.
Gautier Le Bihan
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