Report
Cor Kluis

Triodos bank : 2H23 earnings less by higher expenses, final divided higher, update at AGM

>Conclusion: Earnings less by higher expenses, final divided higher than expected - The 2H23 Triodos Bank (TB) earnings were less than we expected mostly as a result of higher than expected expenses. As we believe the higher expenses are more structural we reduce our future earnings estimates. The final divided over 2023 was materially higher than expected resulting in a final dividend yield of about 10.3% to be paid out on 3 June (ex-div date 20 May). We keep our Ne...
Provider
Oddo BHF
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.

Analysts
Cor Kluis

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