Orège : Disappointing H1 results but a strategic refocus underway
>H1 2023 sales of € 0.9m and an underlying operating loss of -€ 3.6m - This morning, Orège reported H1 2023 earnings that fell short of expectations. Sales were € 0.9m (vs € 2m est.) down 15% and the group posted an operating loss of -€ 3.6m (vs -€ 2m est. and -€ 2.9m a year earlier) with an increase in operational charges linked to R&D work and higher commercial costs (commercial launch in France and Italy). Lastly, net profit was down to -€ 4.6m (vs -€ 2.9m in H1 2...Orege SA is a France-based company active in the environmental industry. The Company offers solutions of the treatment of effluents, such as wastewater and sludge, for industrials in the oil and gas, petrochemical and chemical sectors, as well as for the food and beverage and municipals industries. It provides water treatment units, which are later operated by customers in partnership with the Company, and water purification services, which involve the setting up for a determined period of time (from one month to over a year depending on the case) of a treatment on the customers site for one-off treatment work. In March 2014, Eren's stake in the Company increased up to 69.22% of capital and 60.52% of voting rights as result of takeover bid launched together with certain shareholders. In March 2014, Eren SA acquired 48.9% of the Company.
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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