Clasquin : H1 2024 results slightly short of our estimates. Pending the offer in H2
>H1 EBIT of € 7.6m (vs € 9m est.), or an EBIT margin of 10.8% (vs 12.5%e) - Clasquin’s H1 2024 results, reported yesterday, fell slightly short of our expectations. For an already-reported gross margin of € 70.6m, up 4.7%, EBIT came in at € 7.6m (vs € 9m est.), reflecting an EBIT margin of 10.8% (vs 12.5%e). Net income came to € 3.7m (vs € 5m est.) or a decline of 43%. Much higher working capital in H1 (a direct consequence of higher freight rates) automatically saw a...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.
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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