Solocal Group : Shift in the trend confirmed: return to growth in digital order intake in Q3 2019
>Digital order intake up 5.3%, above our estimates (+4%e) - Solocal this morning reported its Q3 2019 results. This earnings report marks a break in the trend after several quarters of a falling digital order intake. After a difficult H1 (-5.1%), the digital order intake showed growth of +5.3%, whereas we looked for 4%. This performance is due to the sales force now being operational, a new range of digital products that is fully deployed (likely to attract new custom...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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