Report
Nicolas Thorez

Alan Allman Associates : H1 2024 results still mixed: solid adjusted operating margin in a difficult context, but a deteriorated bottom-line and low FCF generation

>H1 2024 results: adjusted operating margin under control but a sharp decline in the bottom-line - Yesterday evening, Alan Allman Associates published H1 2024 results that were in line for operating profit on activity but below expectations at the bottom of the P&L. For H1 sales (already published) of € 192.4m, up 6% on a reported basis -5/-6% org. (on our calculations), operating profit on activity was € 17.5m, i.e. a limited -3% y-o-y decline. Therefore, the adjuste...
Underlying
Verneuil Participations

Verneuil Finance SA Formerly known as Verneuil Participations. Verneuil Finance SA, formerly known as Verneuil Participations SA, is a France-based investment company. The Company acquires shares in companies operating in a number of sectors, including the wood, real estate hotel promotion food processing and the leisure sectors. The Group operates its businesses through Societe Francaise de Casinos and Financier Duc. Through Societe Francaise de Casinos the Company offers a number of services, such as slot machines, games, shows & entertainment and restaurant and private reservation services, among others. The Company reports the leisure sector as its main activity.

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
Nicolas Thorez

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