Befesa : Confident message on the outlook in the short and medium term
>Reassuring message on 2022 guidance - As we explained in our Equity Flash of 27 April, the group’s 2022 guidance (EBITDA of between € 220m and € 270m) is this wide for caution’s sake. The low point of the guidance is a scenario of a marked recession as of H2 2022 which is far from the most likely scenario. The median point of the guidance corresponds to the iteration of Q1 performance at the same zinc price conditions as in Q1 (~€ 3,337/tonne) when prices are curr...Befesa is a services company principally engaged in the collection and recycling of steel dust and aluminum residues and other related industrial services and logistics. Co. also offers industrial recycling services to hazardous waste markets. Co. organizes its activities into three business segments: steel dust recycling services, salt slags recycling services and secondary aluminum production.
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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