ÖKOWORLD AG : Solid H1 2018 results
>H1 2018 results partially affected by reorganization in 2017 - ÖKOWORLD published solid H1-18 results (all figures below refer to AG level). As expected, H1-18 revenues came in at € 7.6m, in line with our estimate and slightly below the record level of H1-17 (€ 8.1m). EBIT was down -25% yoy to € 2.96m (H1-17: € 3.95m), mainly affected by higher costs linked to company’s latest reorganization in 2017, i.e. the consolidation of ÖKOWORLD LUX S.A. Repräsentanz GmbH into ...OEKOWORLD AG, formerly Versiko AG, is a Germany-based investment consulting company and funds operator that focuses on ecological investments. The Company serves both private customers and institutional investors, banks and other financial services provider. It offers the pension insurances Oekoviola, Versirente and Veresikid, as well as the investment funds Oekoworld Oekovision Classic, Oekoworld Growing Markets 2.0, Oekoworld Oekotrust, Oekoworld Klima, Oekolworld Water For Life, Oekovision Garant 20 and New Energy Fund. The Company conducts sustainability research in order to identify potential investment possibilities and asset and fund management through OEKOWORLD LUX SA, a Luxembourg-based subsidiary.
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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