Azelis Group NV : Improving yoy growth on easier comps
>Signs of end market stabilisation - Azelis’ end-markets are showing signs of a sustained recovery in volumes, albeit still (partly) offset by continuing pricing pressures in many of its markets. The company generated Q2 24 revenues of € 1,095m, +4% yoy and +3% vs our estimates. Operating EBITA for the quarter was c. € 130m, stable yoy (+2% vs. AAOBe). Profitability remained relatively high despite the cyclical weakness, but the group’s conversion margin decreased yoy...
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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