Report
Nicolas Thorez

Esker : Solid H1 2021 results at all levels, target price raised to € 345 (vs € 280)

>After growth, the H1 2021 results are also significantly up - Esker, which in mid-July had already reported H1 2021 sales of € 64.4m ( +22% y-o-y on an organic basis, of which +32% y-o-y organic in Q2), yesterday evening announced very robust H1 2021 results in line with our expectations. The group reported underlying EBIT of € 9.2m, up 53% (ODDO BHF: € 8.9m). The operating margin stood at 14.3%, up +290bp y-o-y (11.4% in H1 2020), a level close to the upper end of t...
Underlying
Esker SA

ESKER and its subsidiaries are engaged in the design and production of software applications. Co. operates corporate resource access software such as applications and databases for workstations. Co. has three major product groups: Host Access, DeliveryWare and Fax Server. Host Access products allows users to access applications and databases stored on different servers from their own workstations. DeliveryWare responds to the need of companies for automatic management document delivery. Fax Server allows the user to send a fax directly from their workstation.

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
Nicolas Thorez

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