Report
Klaus Ringel ...
  • Michael Foundoukidis

Novem : Margin recovery towards mid-term target levels to unfold over time

>Novem indicates stability for the remainder of FY 2022-23 - Novem’s FY 2022-23 will end on 31 March 2023 and it will release preliminary FY 2022-23 results and hold an analysts’ call on 1 June (the full release of FY 2022-23 is scheduled for 29 June 2023). Novem said during its Q3 2022-23 call that it expects a steady performance for the remainder of this year, indicating FY 2022-23 sales close to € 700m (cons.: € 696m) and stable profitability at ~11.5% for the ad...
Underlying
NOVEM GROUP SA

Provider
Oddo BHF
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.

Analysts
Klaus Ringel

Michael Foundoukidis

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