(Boursier.com) — Linedata returns to 50 euros this Friday, down 1.5%, while the group achieved a turnover of 132 ME over the first 9 months of 2023, showing an increase of 5.7% compared to the same period of 2022.
On a like-for-like basis, excluding the integration of Audaxys and at constant exchange rates, growth stood at 5.5%, driven mainly by the performance of the North American market.
Linedata continues to pursue its objective of organic growth as well as improvement of its operating margin in the second half of 2023…
Portzamparc speaks of “good organic performance” in Q3 which should continue with regard to booking… Organic growth for 2023 is revised from 3.2% to 4.7% and the price target from 57.8 to 58, 7 euros by the analyst who highlights the PE of only 11.7 for 2023 and 10.1 for 2024. Enough to move from ‘conserve’ to ‘strengthen’.
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