Strong 2023 execution – Quest reported a solid set of 2023 results, with both sales and EBITDA up 16% yoy, driven by better-than-expected top line in commercial activities and IT services, which filtered through to the EBITDA lines. As a result, Quest saw its EBITDA margin unchanged at 7% in 2023. The bottom-line figures were slightly impacted by elevated net financials and an unfavourable base effect (extraordinary gains in 2022), leading net profit to increase by 8.2% yoy at €44.8m in 2023. ...
A director at Quest Holdings SA bought 49,472 shares at 5.668EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...
Balanced model driving 6.5% 3-yr sales CAGR… – Quest is active in 4 operating segments, with quite a balanced portfolio in services and products sectors, enabling it to weather the challenging backdrop. The near-term outlook is characterized by many moving parts, namely 1) decelerating consumption trends, albeit with demand for Apple products remaining solid, 2) more tepid trends in e-commerce, thus affecting both commercial activities (Quest online) and courier services, 3) sustained inflation ...
Strong FY’21 execution (beat) – Full year results affirmed once again Quest’s strong execution, with growth remaining robust across all segments. Revenues from continuing operations shaped 33% higher yoy at €916m, and although Q4 trends did moderate, Quest managed to sustain a double-digit growth rate (+20% in Q4 from +40% in 9M’21). FY’21 EBITDA rose an impressive +34% yoy reaching €64m while net profit from continuing operations settled at €42.7m, markedly higher than €13.6m in FY20. Reported ...
2021: “life in the fast lane" – 2021 was quite an eventful year, with swings in risk perception as initial enthusiasm about vaccine progress was followed by concerns about inflation, a pivot in central bank policy (Fed) and the impact from the Omicron variant. As a result, after a 12% return until mid-May 2021, Greek stocks were flat in the remainder of the year, affected by the general de-risking mood and some idiosyncratic headwinds (liquidity drain from capital raisings and issuance activity ...
2021: “life in the fast lane" – 2021 was quite an eventful year, with swings in risk perception as initial enthusiasm about vaccine progress was followed by concerns about inflation, a pivot in central bank policy (Fed) and the impact from the Omicron variant. As a result, after a 12% return until mid-May 2021, Greek stocks were flat in the remainder of the year, affected by the general de-risking mood and some idiosyncratic headwinds (liquidity drain from capital raisings and issuance activity ...
Continuing to execute well – Quest’s 9M results affirmed that the group is on solid footing, with growth remaining robust across all segments. Group continuing revenues shaped 40% higher yoy at €637m, with Q3 showcasing moderating – albeit still very strong – trends (revenues +26% from >40% in H1). Operating profit growth was also healthy, with 9M EBITDA +35% yoy and Q3 +15%. Net profit from continuing operations settled at €29.7m in the 9M period, markedly higher yoy, and was further bolstered ...
Continuing to execute well – Quest’s 9M results affirmed that the group is on solid footing, with growth remaining robust across all segments. Group continuing revenues shaped 40% higher yoy at €637m, with Q3 showcasing moderating – albeit still very strong – trends (revenues +26% from >40% in H1). Operating profit growth was also healthy, with 9M EBITDA +35% yoy and Q3 +15%. Net profit from continuing operations settled at €29.7m in the 9M period, markedly higher yoy, and was further bolstered ...
Impressive H1’21 performance… – Quest reported another solid set of results underpinned by continuing robust growth across-the-board. Group revenues shaped 47% higher yoy at €448m while H1’21 group EBITDA rose by 45% yoy. The respective group margin was sustained close to c9% despite a slight erosion in gross margins which was offset by positive operating leverage. Group net profit more than doubled yoy in H1 at €23.9m, affirming the solid footing on which the group remains. … drives c5-7% upgr...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Well-diversified with an IT tilt – Quest is a tech-oriented holding group active in 5 segments via specialized subsidiaries, most of which are among the leaders in their respective sector. Its portfolio spans across segments such as electronic transactions, courier services, trade of IT products, implementation of ICT projects and operation of renewable parks, namely industries which are quite diverse, thereby mitigating risks from cyclical swings. The profit mix is quite balanced while most seg...
Quest’s revenue for the first quarter of 2020 was €147.7mn, posting strong growth by 18.2% compared to the €125.0mn for the same period of 2019. Currently, the group has set a goal to retain the numbers of 2019 in 2020, since they believe that the pandemic will affect the results of the remaining quarters in the case of a second wave of Coronavirus.
Quest Holdings SA (or Quest Group) was established in 1981 via former parent company Info-Quest SA and activates in the following areas: Wholesale of IT products (via subsidiaries iSquare and Info Quest Technologies), Retail sales of IT products (QuestOnLine, iStorm), IT Services (Uni Systems), Courier & Postal (ACS), Electronic Payments (Cardlink) and Energy (via Quest Energy).
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