(CercleFinance.com) – The French online advertising specialist Criteo was expected to rise Wednesday morning on Wall Street following the publication of ‘solid’ second quarter results.
During the quarter ended at the end of June, the group achieved a net turnover of 469 million dollars, against 495 million euros over the same period of the previous financial year.
The current profit before tax nevertheless improved to 200 million dollars, against 185 million dollars over the same period of 2022.
Still weighed down by high restructuring, integration and transformation costs, the quarter ended with a loss of two million euros, however reduced compared to that of 33 million euros a year earlier.
Sarah Glickman, the financial director, evokes performances illustrating the ‘resistance’ of the group’s economic model and mentions a good dynamic at the start of the second half.
For 2023, the group says it is aiming for growth of around 10% at constant exchange rates in its revenues on an ex-TAC basis (excluding acquisition costs) with an adjusted operating margin (Ebitda) of 28%.
The title – which has climbed 27% since the start of the year – was expected to rise 2% on Wednesday at the opening of Wall Street.
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