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Solocal Group : Q2 more difficult than expected and downward revision to targets for 2022
>Neutral recommendation - Solocal has published interim earnings in line with our forecasts with EBITDA of € 56m, whereas we had forecast € 55m, i.e. stable vs last year. Revenue was down 7.5% in Q2 vs our forecast of -2%. As for the TV segment (see out comments on M6 today) it is likely that April was a shade more difficult than anticipated. The group is due to hold a conference call at 9.30 a.m. which should provide more details on H2. That said, management has lowe...
Underlying
Solocal Group
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Oddo BHF
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.
Jerôme Bodin
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