Esker : Very solid Q2 over and above the base effects, and status confirmed. Outperform rating maintained, target price raised to € 280
>Record Q2 sales of € 33.4m, up 32% organically, ahead of expectations - Esker yesterday evening reported Q2 2021 sales of € 33.4m (vs ODDO BHF € 31.5m, i.e. 6% ahead of our forecasts), up 28% reported and +32% organically (-4pt related to the $ mainly). In detail, growth in SaaS operations (77% of sales) accelerated sharply (+37%), partly underpinned by the normalisation of volumes in the platform (to recap, SaaS traffic had slumped by 24% on average in April/May 202...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.
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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