ODDO BHF Small & MIDCAP MORNING NEWS - 24/08/2023

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ODDO BHF Small & MIDCAP MORNING NEWS - 08/24/2023

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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): +...

AngloAmerican Plc : Peabody looking to exit coal deal: risks are manageable, we think

Monthly round-up - April 2025 – Make Volatility Great Again

Buffeted by the announcements on US trade tariffs, the equity markets have returned to their starting point of the beginning of April; excluding forex, the US has fared better than Europe and Europe better than China. Both the dollar and the yuan fell against the euro. 10-year sovereign yields fell but less than the 2-year yield over the month, continuing to steepen the yield curve. The end of the earnings season, which has been relatively reassuring so far, and the effective arrival in power of Friedrich Merz should see European equities remain on an uptrend in May. Before the approach of the...

Redcare Pharmacy : Final Q1 2025 results in line with preliminary numbers