Compleo : Disappointing organic growth in H1 but the targets are maintained
>Organic growth merely flat+ in Q2 - Compleo reported its first-half results yesterday before the start of trading. They came in broadly below our estimates with more importantly disappointing organic growth. H1 sales came to € 21.4m (vs € 25m est.), up 50% y-o-y with +55% in Q2. However, Q2 included a scope effect of around € 4.5m reflecting the integration of Wallbe (since May). Organic growth was therefore flat + in H1, a sharp slowdown vs Q1 (+43%). According to t...
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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