Oddo BHF - ORPEA (ORP) Emeis : Trading update, downward revision to 2024 EBITDAR estimate - Forecasts, target price lowered (€ 13 vs € 15)

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Oddo BHF

Christophe-Raphaël Ganet

Emeis : Trading update, downward revision to 2024 EBITDAR estimate - Forecasts, target price lowered (€ 13 vs € 15)

>EBITDA guidance lowered from € 800-835m to € 700-730m - In a press release issued on Friday evening, Emeis reported its H1 revenues (2,772, +9.2%, +8.9% organically), provided an interim EBITDAR estimate (€ 300-340m, i.e. -1pt EBITDA margin) and, above all, lowered its EBITDAR target for 2024 to € 700-730m (vs previously given figure of € 800-835m). Net Debt at 30 June 2024 stood at €4,470m (excluding IFRS adjustments), including i/ the cash position (€ 653m), ...

29/07/2024 1 EN

Underlying

ORPEA

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FR001400NLM4 Euronext Paris France

Provider

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.

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Analysts

Christophe-Raphaël Ganet

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Emeis : Trading update, downward revision to 2024 EBITDAR estimate - Forecasts, target price lowered (€ 13 vs € 15)

ODDO BHF Small & MIDCAP MORNING NEWS - 10/04/2024

Emeis : H1 2024 earnings still under pressure, but message of hope for occ. rates

ODDO BHF Small & MIDCAP MORNING NEWS - 04/10/2024

Verallia : The bottle is half empty...or half full... – New target price of € 34 (vs € 40)

Verallia : La bouteille à moitié vide… ou à moitié pleine… – Nouvel OC de 34 € (vs 40 €)

What to make of the US industrial sector?

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