CFE : Weakest cycle point seems behind
>Q1 trading update: revenues down 4.4% - Revenues in 24Q1 are down 4.4% y-o-y to € 290m with Real Estate Development down 49% to € 18.6m Multitechnics up 2.1% to € 77.2m with VMA up 4.3% to € 56.1m and MOBIX stable at € 21.1m Construction & Renovation down 0.6% to € 213.5mOrder backlog is down 5.0% from y/e 2023 to € 1,205m (from € 1,269m) withMultitechnics up 22% to € 325.5m-Construction & Renovation down 12% to € 863m Other down 17...CFE is engaged in civil engineering, buildings and industrial construction, dredging works and electrical installations. Co. is also engaged in property development, environmental protection and building management. Co.'s works carried on by Co.'s civil engineering group includes the following: hydraulic engineering, harbor works, bridges, and other engineering works, tunnels, road construction, dams, storage tanks, piping and drainage and caissons sunken soft soil. Co.'s buildings and industrial construction sector is active in the following fields: administrative buildings, industrial construction, public utility buildings, redevelopment, and residential buildings.
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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