Befesa : Double-digit growth in 2022 despite headwinds
>Q2 2022 earnings generally in line - Yesterday morning, Befesa reported Q2/H1 earnings generally in line with consensus forecasts. Group sales totalled € 311m, up 62%, vs € 250m for our figure and the consensus. Adjusted EBITDA came in at € 57m, up 23%, in line with the consensus forecast (company consensus at € 56m and Factset consensus at € 57m). Adjusted EBIT amounted to € 38.6m (+7%) vs. € 41.0m forecast while attributable net profit rose 11% to € 23m vs. our ...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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