(Boursier.com) — Ateme fell by 7.7% to 6.92 euros this Thursday, while the group achieved a turnover of 20.5 ME in the third quarter of 2023, down 4% in published data and up 1% in comparable data. Over 9 months, turnover amounted to €70 million, up 8% on a published basis and 10% on a comparable basis.
The fourth quarter historically benefits from a positive seasonal effect, and 2023 will be no different, with a substantial pipeline heading into the end of the year…
Objectives confirmed, but…
On this basis, Ateme confirmed its revenue growth objective of 10 to 15% on a like-for-like basis for the full year. The company also maintains its EBITDA objective above 5 ME, even if, “in the macroeconomic context, this objective is logically more difficult to achieve”.
Furthermore, the growth objective for monthly recurring income to go from 1.5 ME in January 2021 to 3 ME in 2024, represents an increase of 100,000 euros per quarter on average.
After superior performance in 2021 and 2022, the growth of this recurring income paused during the first nine months of 2023. However, it should return to growth in the fourth quarter, which confirms the roadmap and the 2024 objective…
Portzamparc does not change anything and is still targeting a price of 13.20 euros while remaining a purchase on the file. For its part, TP ICAP Midcap adjusted its objective from 13 to 12 euros while remaining a purchase.
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