Prosus NV : No transformative announcement, breakeven confirmed for 2025, share buybacks and organic investments continue
>Outperform rating maintained - Prosus held yesterday its annual CMD and essentially confirmed its target of breakeven in 2025 for the e-commerce division. Management provided an update on its strategy and plans to create value/reduce the discount. It notably detailed the position of its assets and their outlook. The group notably reiterated that the short-term priority remains organic investment and share buybacks. The discount on NAV currently stands at 38% and shou...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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