Oddo BHF - Very strong Q3 results. Dull FY25 guidance

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Oddo BHF

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...

07/11/2024 1 EN

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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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Very strong Q3 results. Dull FY25 guidance

Societe Fonciere Lyonnaise : Merger-absorption of SFL by Colonial: a potential premium, especially for SFL shareholders

Société Foncière Lyonnaise : Fusion-absorption de SFL par Colonial : une prime potentielle surtout pour les actionnaires de SFL

ASM International N.V : Probably the sector Top Pick for 2025

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