Orège : No surprises in H1 2024 results. 2024: a year of transition
>H1 sales at € 1m / operating loss of -€ 3.7m - Yesterday Orège published H1 2024 result in line with our forecasts. Sales were € 1m (vs € 1.1m est.) up 14%. The operating loss was broadly stable vs last year at -€ 3.7m (operating costs up 5%) and attributable net profit was -€ 4.4m. The net debt on the balance sheet remained high at end-June at € 50.4m (almost entirely linked to advances on the shareholder current account on the part of Eren Industries). Since 30 Jun...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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