WALLIX : Sunshine after the rain
>2023 results still heavily loss-making (last financial year of heavy losses) - Wallix reported 2023 results after the close of trade yesterday a shade below expectations. Having posted 2023 sales of € 30.2m, up 20% y-o-y (+18% org.), reported EBIT came in at -€ 9.5m. Restated for one-off charges (restructuring), underlying EBIT stood at -€ 7.7m (vs -€ 7.1m in 2022), below our initial estimate (vs ODDO BHF -€ 6.0m). Losses deepened over the financial year (despite a -...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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