(CercleFinance.com) – Alten is up more than 2% in Paris, while this morning Oddo announced that it was maintaining its ‘outperformance’ rating on the stock, with a price target raised from 150 to 165 euros.
The analysis office reports that Alten published a Q4 turnover of 1,000 ME on Friday after trading, slightly above expectations (vs ODDO BHF: 996 ME; Css: 965 ME). Organic growth came out at 14.9%, broadly in line with expectations (vs ODDO BHF: 13.9% y/y org.; Css: 15.4% y/y org.).
‘This is a good publication, with solid growth in Q4 but above all a margin slightly above expectations, and an FCF which should be good. In addition, the tone is reassuring for the start of 2023 and the group seems to be able to achieve growth well above the level of 7% expected by the Consensus, while the erosion of the operating margin is already expected ‘ , reacts Oddo.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
