The Q3 results were very in much in line with our and the market’s expectations. As the group had announced, they show some slowdown compared to H1 at a high level but a return to more solid growth going into FY24. A share buy-back was also announced, but we rather expect the share price to be “dead money” until next year (although we still like the group and its ability to perform).
02 Nov 2023
Very decent results. No hurry to buy though.
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Very decent results. No hurry to buy though.
- Published:
02 Nov 2023 -
Author:
Fabrice Farigoule -
Pages:
3
The Q3 results were very in much in line with our and the market’s expectations. As the group had announced, they show some slowdown compared to H1 at a high level but a return to more solid growth going into FY24. A share buy-back was also announced, but we rather expect the share price to be “dead money” until next year (although we still like the group and its ability to perform).