Report

Very strong Q3 results. Dull FY25 guidance

>Momentum improves materially on strong CDMO, ahead of optimistic estimates - Total revenues increased +10% y-o-y in Q3 2024 reaching € 235m, somewhat above our estimates and significantly above the consensus (+4% and +10% respectively), with a 10pp sequential improvement (vs 0% in Q2, -25% in Q1) thanks to a very strong CDMO quarter. The unit posted € 134m of sales which is only € 2m below its historical high-water-mark of Q4 22 beating our optimistic € 155m estimate...
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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.

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