Befesa : Stock market performance fails to reflect the group’s solidity
>Guidance range unsurprisingly narrowed to € 210-215m - At the time of its Q3 publication (see details on page 2), Befesa lowered its guidance for 2024 EBITDA to € 210-215m (vs € 205-235m). This came as no great surprise since the group had already indicated that it expected EBITDA at around the mid-point of the previous guidance (€ 215m), and given the performance of the zinc refining asset in the US and the recycling factories in China (low utilisation rate averagin...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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