Infotel : Further decline in Q1, as expected. Rebound forecast in H2
>Q1 down -5.6% y-o-y at € 79.1m, close to our forecasts - After the close of trading yesterday, Infotel reported Q1 sales broadly in line with our expectations. Sales for the quarter stood at € 79.1m (vs ODDO BHF € 79.6m), a decline of -5.6% organic y-o-y and virtually stable on a sequential basis vs Q4 2023 (+0.4% q-o-q). This contraction (logical) is the result of a very favourable base effect over the period (Q1 2023 +12.6%), a negative calendar effect (-1 day) and...Infotel is a group of consulting companies and a global software vendor. The Group has developed a complete service offering and a range of software for enterprise servers. Co. provides consultancy, analysis, IT system audits, third-party application maintenance and software testing solutions. Co. designs and implements, as service contracts or service desk, management projects by implementing advanced methods and technologies, from mobile technology to databases. Co. has developed software to assist customers in areas such as DB2® (security, performance and management), data management and archiving, web-enables or quality applications and relational database performance.
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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