Befesa : Q2 in line and bottom of the guidance raised as expected
>Q2 in line with expectations - This morning, Befesa published its Q2 results, which were in line with consensus expectations. Thegroup's revenue was € 323m, up 10%. EBITDA was € 55m, +22% y-o-y and in line with the company-compiled consensus and ODDO BHF at € 55.0m. EBIT came in unsurprisingly at € 27m, up +14%, and net profit came in at € 11m, up +112%. As expected the group's performance mainly benefited in Q2 from: 1/ a positive zinc spot price impact (+€ 12...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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