(Boursier.com) — ViewGroup corrected by 5% this Friday to 126.80 euros on the Paris stock exchange, while Q1 turnover stood at 172 ME, or 178 ME in adjusted data, an increase of +12%. Orders stood at a record level at €274 million, +24%, the 2nd best quarter in history.
The guidance is confirmed with a turnover in adjusted data of 420-440 ME in H1 and 1 billion Euros in 2024.
Portzamparc speaks of a publication without surprises with a tone that remains confident. Enough to aim for an excellent 2024 vintage. The analyst is targeting an EBIT margin of 13.4% (+0.6 pt) and a turnover of 1,027.60 ME. Enough to confirm its target price of 190 euros while remaining a purchase on the file.
Euroland Corporate speaks for its part of “an excellent level of order intake” which stands at 274 ME over the quarter (+24%), or more than a billion euros over 12 rolling months…” Concerning profitability, the group reaffirms that it expects an increase of 50-100 bps in its EBITDA margin (adjusted) in 2024, as well as the achievement of a positive FCF. We are aligned with all of the guidance and do not. “We see, at this stage, no element likely to cause it to deviate. Our recommendation to ‘Buy’, as well as our price target of 190 euros, is reiterated” concludes the analyst.
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