Majorel : Resilient Q1 trading update – FY 2023 guidance maintained
>Q1 net revenue 7% above expectations at € 535m, +11%; +15% l-f-l growth - Majorel just published a good Q1 trading update with net revenues +7% above our expectations. In detail we note: 1/ Q1 2023 net revenues increased by 11% y-o-y to € 535m (ODDO BHF: € 497.3m). Excluding M&A and Covid-related business, Q1 l-f-l growth stood at +15% y-o-y (after +19% in Q4 2022) which is satisfactory, driven by strong growth with existing clients, mainly in the target vertic...
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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