Report
Wim Gille

CM.com : 1Q24 meeting low expectations

>Meeting our low expectations for 1Q - Revenues declined 11% yoy and came in at €63.5mln, which is in line with our expectations. Gross profits increased 3% yoy, which is 3% below our expectations. In addition the company unexpectedly reported €3.3mln in EBITDA (no estimate) for 1Q24, which compares to our 1H24 fc of €5.9mln. Annual Recurring Revenues (SaaS) are up 6% yoy, which is in line with our expectations. When looking at the operational KPIs we note that the co...
Underlying
DUTCH STAR C SHAR

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
Wim Gille

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