Report
Jerôme Bodin

Believe : 2023 earnings in line, a trend improvement in 2024

>Neutral rating reiterated - Believe reported yesterday evening its full-year 2023 earnings, very slightly above our forecasts with EBITDA of € 50m, while we had forecast € 49m. Q4 organic growth stood at 21.8%, above our 15% forecast. For 2024, the group forecasts organic growth of 18%. We continue to think that 2024 should be slightly better (+21.5%) due to the price momentum as well as the likely improvement in the advertising situation in H2. The group did not giv...
Underlying
BELIEVE SA

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jerôme Bodin

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch