Report
Anis Zgaya ...
  • Louis Boujard, CFA

Encavis AG : Living up to its good reputation in terms of execution

>Q3/9M earnings slightly better than expected and 2023 guidance confirmed - As detailed on page 2, the group reported yesterday its Q3/9M earnings that outstripped forecasts. The group confirmed its 2023 guidance for sales € 440m on an adjusted basis (after tax on excess profits), EBITDA > € 310m, EBIT > € 185m and EPS > € 0.60. Due to the EBITDA level at 9M (€ 246m), implied EBITDA in Q4 to reach the lower end of guidance at € 310m is just € 64m, vs € 79m in Q4 2022,...
Underlying
Encavis AG

Capital Stage is an investment company based in Germany. Co. is engaged in investing in small and medium sized enterprises.

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
Anis Zgaya

Louis Boujard, CFA

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