Esker: the title drops despite record figures – 01/14/2022 at 12:15


(CercleFinance.com) – The Esker share fell by more than 9% on Friday on the Paris Stock Exchange although the specialist in the dematerialization of invoices announced a ‘record’ commercial activity for the 4th quarter of 2021.

In a press release published yesterday evening, Esker said it had signed the best quarter and the best year in its history by easily crossing the threshold of 130 million euros in turnover last year.

Its annual sales amounted to 133.7 million euros, representing growth of 20% at constant exchange rates and 19% on a reported basis.

In the 4th quarter alone, Esker generated consolidated sales of 35.9 million euros, up 16% on a reported basis and 14% at constant exchange rates.

For 2022, Esker says it expects solid double-digit organic growth, which should bring its annual turnover to around 155 million euros.

Despite this optimism, the action of the specialist in the automation of management cycles fell heavily Friday morning on the Parisian market.

“Once again, Esker is posting performance above expectations, but the current valuation (PE 2021-22-23 of 143x-99x-83x) could limit the stock market reaction in the current context of rising rates”, warned analysts. ‘Invest Securities following publication.



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