Report
Believe : Very solid Q2 and pleasant surprise on FCF
>Neutral rating reiterated - Believe yesterday evening reported its interim results, which were slightly below our expectations in terms of EBITDA, but delivered a positive message prompting us to revise up our expectations for the year. We note in particular two pieces of good news from this publication: FCF (positive due to WCR and lower capex) and the very robust organic growth in Q2 but which should logically slow in H2. The group is therefore revising up its 2022...
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
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