Domestic revenues were up by 4.3% yoy in Q3 exactly like in H1: a good number as the H2 was supposed to be less strong. Domestic EBITDA, which was down by only 0.7% yoy, was also better than expected.
The group raised its guidance for 2023: revenue should grow by 3.5/4% (vs 2/3% previously) while the EBITDA decline should be limited to 2% (vs -3% previously).
We maintain our opinion at Buy.
27 Oct 2023
Upward revision of the 2023 guidance for Domestic revenue and EBITDA
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Upward revision of the 2023 guidance for Domestic revenue and EBITDA
- Published:
27 Oct 2023 -
Author:
Jean-Michel Salvador -
Pages:
3 -
Domestic revenues were up by 4.3% yoy in Q3 exactly like in H1: a good number as the H2 was supposed to be less strong. Domestic EBITDA, which was down by only 0.7% yoy, was also better than expected.
The group raised its guidance for 2023: revenue should grow by 3.5/4% (vs 2/3% previously) while the EBITDA decline should be limited to 2% (vs -3% previously).
We maintain our opinion at Buy.