Report
Believe : Organic growth a shade lower in Q3 but a rebound is likely as of Q4
>Our forecasts are stable, reflecting resilience in the model but also a limited leverage effect - Yesterday evening Believe reported Q3 revenues that came in below our expectations with organic growth of 7.5% whereas we looked for 10%. Growth thus continued to slow, although the group confirmed its organic full-year targets (~+14%). The group did slightly lift its 2023 margin target to at least 5.5% vs 5% previously. Q4 should be better and we continue to forecast a ...
Underlying
BELIEVE SA
Provider
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.
Jerôme Bodin
Other Reports on these Companies
Other Reports from Oddo BHF
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.