Report
Jeremy Garnier

Clasquin : 2023 beats our expectations

>Q4 gross profit up 22.4% to € 40m (vs € 35m est.) - Clasquin reported yesterday evening Q4 gross profit up 22.4% to € 40m, ahead of our estimate at € 35m. FY gross profit came in at € 143.1m, edging up 2.2%. Excluding the consolidation effect tied to Exaciel, CVL, Timar and the sale of Log System, the organic decline would stand at -8.5%. Group outperforms despite persistently tough market environment - The slowdown in world trade continued in Q4, w...
Underlying
Clasquin SA

Clasquin Group designs and supervises the entire overseas transport & logistics chain. Co. has two operating segments: air and sea freight forwarding and related services ("overseas freight") and IT service contractor ("IT services"). The air freight forwarding and related services ("overseas freight") segment comprises of three business lines: air freight forwarding and related services, sea freight forwarding and related services, other services not included in air and sea freight (including related services) are grouped into the "others" business line.

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
Jeremy Garnier

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