Infotel : H1 2024 earnings down in a challenging context. Recovery confirmed in H2
>H1 results down in line with expectations - - Infotel has reported H1 2024 results broadly in line with our expectations. On FY sales (already published) of € 149.2m, down 5.9% org, recurring EBIT came to € 11.7m excluding the cost of bonus shares, down 20% y-o-y (vs ODDO BHF € 11.9m). This gives an adjusted underlying operating margin of 7.8% (excluding free share allocations), down 140bp y-o-y, and 6.9% including the cost of bonus shares (vs 8.5% in H1 2023). This ...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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