Report
IONOS : Acceleration as of Q2 2023, target price adjusted to € 17
>Slowdown in Q1, re-acceleration as of Q2 2023 - Q1 2023 results were marked by a better-than-expected margin but also slower growth at the web hosting (4%) and cloud (13%) activities. That said, the next three quarters should deliver a more positive trend with: an acceleration in growth at the web hosting activity (client acquisition in Q1, more solid ARPU growth), a possible acceleration of growth at cloud activities, according to management (but which is not factor...
Underlying
IONOS GROUP SE
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.
Stephane Beyazian
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