Oddo BHF - IONOS GROUP SE (IOS) IONOS : A robust Q1 2024 and a cloud contract that opens up prospects

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Oddo BHF

Stephane Beyazian

IONOS : A robust Q1 2024 and a cloud contract that opens up prospects

>Positive impact of Q1 2024 on estimates - Following an excellent Q1 2024, we are marginally raising our forecasts as of 2025 (except 2024 due to a non-cash impact of the derivative contract for € 8bn):We factor in the cloud contract with the government agencies (ITZBund) that enable a ramp-up in revenues as of 2025 (revenues forecast at over € 20m per year over 5 years). We now expect 17% over CAGR growth in 2023-2026 vs 13% previously.We are slightly rais...

09/05/2024 1 EN

Underlying

IONOS GROUP SE

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DE000A3E00M1 Germany

Provider

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.

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Analysts

Stephane Beyazian

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IONOS : A robust Q1 2024 and a cloud contract that opens up prospects

Weiter auf Kurs: Ausblick bestätigt, überpro-portionales Ergebniswachstum

On track: Outlook confirmed, above-proportional earnings growth

ODDO BHF Small & MIDCAP MORNING NEWS - 05/09/2024

Richemont : Fairly reassuring full-year results, jewellery in great shape in US and Europe

Zurich Insurance : Key Q1 2024 sales figures point to volume growth and improvement at Farmers

ODDO : Monday review – luxury sector

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