Frequentis : Order in hand exceed € 600m, strong growth but low EBIT margin
>Strong growth but low EBITDA and EBIT margin - Frequentis reported its H1 2024 earnings, which came in above our expectations in term of sales but below our expectations in term of EBITDA and EBIT. Revenues were up by 10.4% y-o-y at € 206.2m (vs ODDO BHF € 201.8m). This growth was driven by the ATM segment (70% of group sale), which grew by 18% y-o-y to € 145m, despite the lower revenues of the PST division (30% of group sales), which decline by 5% y-o-y to € 61m. T...Frequentis AG is an Austria-based supplier of communications and information systems, diversifying its activities into two business segments: ATM (Air Traffic Management) business segment, which includes ATM Civil, including Information Management, and Defense business fields, and PST (Public Safety & Transport) business segment, which includes Public Safety, Public Transport and Maritime business fields. As of December 31, 2010, the Company had seven wholly owned subsidiaries in the area of Sales & Operations, four wholly owned subsidiaries and one majority owned subsidiary, as well as one affiliate, APUS Software GmbH, in the area of Software, and two wholly owned, one majority owned, one minority owned, as well as one affiliate, 3T Communications AG, in the area of Services. The Company's subsidiaries are located in the United States, the United Kingdom, Canada, Australia, Germany, Singapore, Slovak Republic, Romania, and the Czech Republic.
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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