Report
Nicolas Thorez

Alan Allman Associates : Slowdown in growth confirmed in Q2 2023. 2025 outlook remain bright

>Q2 2023 sales undershot our expectations: sharp slowdown in organic growth - Alan Allman Associates generated Q2 2023 sales of € 92.0m, up 9% y-o-y, i.e. almost -8% below our initial estimates (ODDO BHF € 99.2m). This increase is mainly due to acquisitions made in H1 2023, particularly in Europe (Humans4Help, Excelsior and Evisiance), which offset an unfavourable forex effect over the period. Note that the group does not provide details on its organic growth, but we...
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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