Solocal Group : 2019 EBITDA in line with expectations and confirmation of a return to growth in 2020
>2019 results in line and 2020 guidance for a return to growth - Yesterday evening Solocal reported full-year results that were broadly in line with our estimates. Growth in the digital order intake was +0.1% as expected, and EBITDA came to € 191m whereas we looked for € 189m. The group is holding an analysts’ meeting this morning (9.30am), which will be an opportunity for a recap on the 2020 sales and FCF outlook. The group expects growth in the order intake to accel...Solocal Group SA is a France-based company, which is engaged in local online communication. The Company provides digital content, advertising solutions and transactional services that connect people with local businesses. Solocal Group SA operates in France, Spain, Austria and the United Kingdom and supports the online development of SMB and client accounts, mainly through its four flagship brands: PagesJaunes (engaged in local advertising and information on the Internet and in mobile and print media), Mappy (a portal of services relating to travel: maps, journey planners, local area information searches, before and during the journey), Ooreka (a database of content with practical guides, tutorials, among others, written by such specialists as notaries, lawyers, doctors, electricians and gardeners, among others.
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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