Solocal Group : Q2 2020 results contained no surprises, update to our valuation in the framework of the capital increase (Neutral vs Buy)
>Gradual improvement in momentum expected in H2 2020 - Solocal reported its definitive Q2 2020 results yesterday, Tuesday, 28 July. Note that the group had communicated the preliminary elements on 10 July. They therefore come as no surprise and are exactly in line with its initial indications. The next step is the launch of a capital increase for which the subscription period is set to extend from 15 to 29 September. Following the capital increase, the group will like...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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