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Solocal Group : Resilience slightly better than expected in Q1, April set to be tough by 2021 estimates unchanged
>Neutral rating and 2021 estimates unchanged - Solocal published on Friday its Q1 2021 revenues and then held a conference call. Activity beat our expectations (-10% decline vs -14% forecast). We had feared a stronger impact from the pandemic restrictions imposed in France in Q1. Solocal showed a certain resilience that had not materialised in Q2 2020. Q2 revenues should logically be down after a recovery in H2. Following this event, we remain a shade more optimistic ...
Underlying
Solocal Group
Provider
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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