Majorel : H1 earnings slightly above estimates –2023 guidance maintained- net revenue guidance not expected to be in the upper half of the range
>H1 2023 slightly above expectations (EBITDA at € 177m vs € 174.4m est.) - Majorel just published its H1 results which came in slightly above expectations. In detail, we note: 1/ net revenues up 8% y-o-y to € 1,058m vs ODDO BHF: € 1,044.2m; Css: € 1,035.8m, (Q1 2023: +11.5%). Excluding M&A and Covid-19 revenues, H1 l-f-l growth stood at +10% y-o-y (+15% l-f-l in Q1). By region, we note: EASA (72% of net revenues): +11% l-f-l (+14% in Q1), GEMS (22% of net revenues): +...
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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