WALLIX : Satisfactory FY 2023 sales given the ramp-up of recurring revenues. Set for profitable and durable growth for 2024 and beyond
>2023 sales totalled € 30.2m (+22% y-o-y), a shade below expectations but recurring revenue momentum confirmed - After the close of trade yesterday, Wallix reported FY 2023 sales that were slightly below our expectations. Full-year sales came in at € 30.2m (vs ODDO BHF € 31m), up 21.8% y-o-y on a reported basis and almost 18% on an organic basis (excluding the contribution from Kleverware, which has been consolidated since May 2023), which implies Q4 sales of € 9.2m,...Wallix Group SA. Wallix Group SA is a France-based company specialized in the security software industry. The Company publishes computer security software relating to the access control and the traceability of privileged accounts or privileged access management (PAM) in the information systems of a number of companies. The Group serves various sectors, including healthcare, cloud & telcos and bank & insurance, among others. Through its solution, Wallix Bastion, the Group helps companies enhance their protection from cyber risks. Its solutions are distributed via a network of trained resellers. Wallix Group's portfolio includes audit and compliance, remote access security, cloud security and controlling industrial systems. In addition, through its subsidiaries the Company also provides computer security software editing services. Apart from France, the Company also operates in the United States.
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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