Prosus NV : A decline in e-commerce revenues but offset by share buybacks
>Unfavourable momentum in e-commerce but offset by share buybacks and therefore the monetisation of Tencent - We are providing an update on our forecasts for Prosus with interim results due for publication on 23 November. We have revised down our forecasts for EBITDA at the e-commerce division (excl. Tencent) and now forecast -€ 1,406m for 2023 (vs -€ 828m previously). This revision was motivated by three main effects: 1/ a slightly more challenging trend than anticip...Prosus NV Formerly known as Myriad International Holdings NV. Prosus NV, formerly Myriad International Holdings NV, is a Netherland-based global consumer Internet group. The Company is organized into six business areas: Classifieds, Payments & Fintech, Food delivery, Etail, Ventures and Travel. It also holds investments in listed Social & Internet assets. The Classifieds business area manages mobile and digital marketplaces. The Payments & Fintech business area includes PayU, a Payment Service Platform. The Food delivery business area manages food delivery companies. The Travel business area operates a travel online platform. The Etail business area includes business to consumer e-commerce companies. The Venture business area looks for and invests in early stage companies.
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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