SOLOCAL- 2Q18 Comments
Solocal held a conference call this morning to discuss what proved to be a weak 1H18 financial performance. Revenue was down by 4.7% yoy to €350m while recurring EBITDA came in 11.9% weaker at €70m. This semester - and especially the latest quarter - the performance of the digital segment (84% of total revenue) was disappointing, albeit not really surprising given subdued digital sales orders in 1Q18 (-6% yoy) following the announcement of the redundancy plan (there is a timelag of a few months between orders and revenues).
Solocal Group SA is a France-based company, which is engaged in local online communication. The Company provides digital content, advertising solutions and transactional services that connect people with local businesses. Solocal Group SA operates in France, Spain, Austria and the United Kingdom and supports the online development of SMB and client accounts, mainly through its four flagship brands: PagesJaunes (engaged in local advertising and information on the Internet and in mobile and print media), Mappy (a portal of services relating to travel: maps, journey planners, local area information searches, before and during the journey), Ooreka (a database of content with practical guides, tutorials, among others, written by such specialists as notaries, lawyers, doctors, electricians and gardeners, among others.
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.