Azelis Group NV : Not yet out of the woods
>End markets remain challenging - Azelis’ end-market demand remained weak and translated into the company’s results for the quarter. The company generated Q1 24 revenues of € 1,051m, -4% yoy and -7% below our estimates (-8.1% yoy organic decline for Q1 24). Operating EBITA for the quarter was c. € 124m, -7% yoy (-9% vs. AAOBe). Profitability remained relatively high despite the cyclical weakness, but the group’s conversion margin decreased yoy in Q1 24, for the third ...
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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