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IONOS : Ramp-up, FCF estimate lifted and US peers at a peak
>Better activity and a positive surprise of reduced Capex - IONOS confirmed its ramp-up in Q3 2024, with growth at 11% of revenues (price increases and migration of customers towards more costly AI products) and 10% of EBITDA. We even expect record EBITDA growth at 34% in Q4 (vs Q4 2023, impacted by marketing spend). The other positive surprise is the investment target lowered to € 80-90m in 2024 (vs € 90-100m previously). We now forecast a 46% decline in 2024 FCF (o...
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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