eDreams ODIGEO : Omicron impacts anticipated in Q4 but marked recovery expected in H1 2023
>Q3 broadly in line with expectations, particularly brisk momentum for Prime - eDreams’ Q3 publication contained no major surprises. Bookings were up 26% vs pre-Covid levels in Q3 and +7% over 9M 2021. The effects of Omicron have been significant on booking levels (they have been falling steadily over the months to reach levels of -2% in December) but ultimately have little impact on revenues given the lag between bookings and revenues. The latter are thus down by 28%...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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