Befesa : Q3 below expectations and 2024 guidance narrowed to € 210m-215m
>Q3 below estimates with pricing positive impact offsetting negative contribution from US refining asset - This morning, Befesa published its Q3 results, which were below consensus expectations. The group's revenue was € 294m, up 1.7% slightly below consensus at € 306m. EBITDA was € 48.7m, up 16% y-o-y and below the company-compiled consensus at €50 and FactSet consensus at € 52m (ODDO BHF at € 55m). EBIT came in at € 23.1m below consensus at € 30m. Net profit came i...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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