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IONOS : Q2 2024 EBITDA below expectations, but stronger FCF generation
>FY 2024 revenue guidance already cut on 12 July but EBITDA guidance is confirmed - IONOS had already published its headline results on 12 July and adjusted its 2024 revenue guidance. For 2024, after adjustment, the company is targeting i/ sales growth of 9% (vs 11% previously), i.e. sales 1-2% below expectations at € 1,552m (vs ODDO BHF € 1,563m and cons. € 1,558m), ii/ a 15% increase in EBITDA to € 450m, unchanged and in line with expectations (ODDO BHF € 452m and c...
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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