Befesa : Q2 in line with expectations and slight adjustments to our estimates for 2024-2026
>Q2 results in line with expectations driven by the rise in zinc prices - Yesterday morning, Befesa reported its Q2 2024 results which were fully in line with expectations at the operating level. The group’s sales grew 10% to € 323m. EBITDA came to € 55m, up +22% y-o-y and in line with the company-compiled consensus and ODDO BHF’s estimate of € 55.0m. EBIT came to € 27m, as expected, up +14%, and net profit came to € 11m, up +112%. As expected, the group’s performanc...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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