Azelis Group NV : Relatively resilient during the normalisation
>Q2 23 wasn’t pretty - Azelis reported weak Q2 results as the cyclical slowdown in Industrial in the Americas stretched over to EMEA and APAC, resulting in an organic growth of -8.2% yoy for the group, compared to -1.2% in Q1 23. M&A continued to play an important role, helping to sustain earnings on an absolute level, though this was insufficient to compensate the decline in the organic growth. Furthermore, the group’s results were impacted by higher financing expens...
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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