Prosus NV : Confirmation of breakeven in the core business but no change of strategy for the time being
>Outperform rating confirmed - Prosus yesterday released its definitive FY 2023-24 results and held a conference call at the end of the day. The group had already published preliminary indications on 11/06. This results release was therefore in line and confirmed the profitability of the e-commerce activities and more importantly a strong increase in FCF. The group had indicated at the first-half results report that it would reach breakeven in H2 2024 (vs 2025) in it...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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