Solocal Group : Q3 2020 revenue figures: a 14% drop in digital revenue and EBITDA guidance confirmed
>Neutral rating reiterated - Solocal released its Q3 revenue figures this morning and they came out more or less as we expected. Digital revenue fell by 14%. Our forecasts remain unchanged post-release. We reiterate our Neutral rating on the stock as well as our target price of 6 centimes. The momentum is improving but we worry about poor visibility for the short term: 1/ as the market is likely to slow down again in October. We do not, however, expect a sharp downtur...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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