Report
Jeremy Garnier

Clasquin : FY 2023 results beat our expectations

>Underlying operating profit at € 29.5m (vs € 21.5m est.), i.e. underlying operating margin of 20.6% (vs 15%e.) - Clasquin reported yesterday evening FY 2023 results ahead of our expectations. With (previously published) gross profit of € 143.1m, up slightly by 2.2%, the underlying operating profit came in at € 29.5m (vs. € 21.5m est.), implying an underlying operating margin of 20.6% (vs. 15%e.), and attributable net profit of € 18.3m (vs. € 14.3m est.), down 16.2%...
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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