Prosus NV : Tencent’s Q1 2021 results slightly short of expectations for net profit but confident tone
>Q1 2021 beat expectations for EBITDA but fell short for net profit - Tencent (28.9%-owned by Prosus) published yesterday its Q1 results. They were broadly above estimates (sales, gross margin and EBITDA slightly beat expectations and net profit was a little below). Our takeaways: 1/ sales and the gross margin a shade above estimates (sales RMB 135.3bn vs consensus RMB 133.9bn; gross margin RMB 62.6bn vs consensus RMB 62.3bn); 2/ EBITDA at 39% vs 42% in Q1 2020 (ramp-...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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