Prosus NV : Continued rise of profitability, evolution of asset portfolio still pending
>Breakeven will be reached six months earlier than expected - Prosus published its interim results yesterday, which came out roughly in line with expectations. Management has indicated that the breakeven point should be reached as early as H2 2025 (vs 2025) for its e-commerce activities. This is underpinned by a marked improvement in food delivery and classifieds and a reduction in central costs. Bear in mind that the group is also gradually selling some of its loss-m...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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