eDreams ODIGEO : A business model still driven by Prime, making the strategic targets even more credible. Outperform maintained
>H1 earnings, a shade above estimates, brisk margin growth - The H1 publication for eDreams is decent, with cash revenue and cash EBITDA slightly exceeding forecasts, and robust cash generation. Profitability benefits from positive momentum related to the Prime loyalty programme, which continues to drive the group’s operating performance via optimising costs, notably those for acquisitions, and despite an increase in fixed costs related to the current inflation and in...eDreams Odigeo SA is a Luxembourg-based company principally engaged in the travel and recreational services. The Company is a travel group composed of various brand names, such as eDreams, GO Voyages, Opodo, Travellink, Liligo and Budgetplaces. It offers flights, cruises, car rental, travel insurance, as well as short and long-stay packages. It provides online travel services, including booking of scheduled, charter and low-cost flights, hotels, self-catering accommodation and cruises, traditional and non-traditional package holidays, car hire, train tickets and bus tickets, as well as travel insurance; corporate travel; white-label services, which allow access to various Web platforms; media services, such as targeted advertising, and venture farm to invest in companies with different types of business models and technologies.
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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