Prosus NV : A sizeable loss, as expected, but it will be made up
>H1 slightly better than expected, Outperform rating maintained - Prosus yesterday reported its definitive first-half results, which came in slightly ahead of our expectations with EBITDA of -$ 879m whereas we looked for -$ 953m. The group held a conference call following the release. It pointed out this half-year should be the low point in terms of losses for the e-commerce division. The operating situation should improve under the effect of investments made in H1, b...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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