(Boursier.com) — Esker increased by 2% to 184.6 euros after reporting quarterly turnover of 47.7 million euros, up 12% in published data and at constant exchange rates and scope. Esker believes that this start of the year is in line with its objectives and maintains its guidance of growth of 12 to 14% (excluding acquisitions and currency effects) for the entire 2024 financial year. activity, the group promises an operating margin of between 12% and 13% of turnover.
This publication confirms Oddo BHF in its 2024 forecasts (which are above the top of the range in topline; and mid-range in profitability) and its sequence for the next quarters (acceleration of future growth). Management’s comments during the call still suggest that the “degree of comfort” is high with regard to the annual objectives (which we believe will probably be exceeded) and that there is upside for 2025 and beyond (strong embedded growth). Despite a good performance this year, the valuation (discounted in relative sector) still seems reasonable in view of the fundamentals, the future momentum (beat & raise mode) and the growth/profitability couple (among the good students of the sector) , underlines the broker. These elements encourage him to maintain a positive fundamental opinion on the stock (‘outperformance’), with a target of 220 euros.
TP ICAP Midcap (‘conserve’) evokes an online publication but above all remembers the remarkable growth in order intake, in the wake of an already historic Q4 2023. The group is launching 2024 perfectly…
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