Solocal Group : Indications for 2020-2023 in line with our forecasts but pressure on cash and negotiation of state-backed loan
>2020 guidance in line with our estimates - In a press release published yesterday, Solocal provided an update on the impact of COVID-19 on its business and provided initial indications for its 2020-2023 business plan. This press release came against the backdrop of the suspension of the payment of the quarterly coupon for March and June and talks with creditors which have been ongoing since. The indications communicated are broadly in line with our estimates with for...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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