Novem : No surprises from the full release of FY 2021-22
>FY 2021-22 in-line with their prelims - The full release of Novem’s FY 2021-22 (YE 31 March 2022) is bang in line with the KPIs, which were pre-released in early June. The incremental news today thus is the dividend proposal of € 0.40/ share (consensus: € 0.27) and the fact that Novem does not see itself in a position to provide guidance for FY 2022-23. As a reminder, Novem’s FY 2021-22 sales are +2% y-o-y to € 615m and its group adj. EBIT is -6% y-o-y to € 81m. Its ...
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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