Groupe Crit shares are bubbling, up 11% following the publication of 2024 results that exceeded Oddo BHF's expectations, with the broker highlighting the announcement of the payment of a dividend that has risen sharply to €6 per share.
While net income (group share) was virtually flat at €73m, sales, rose 23.2% thanks to the acquisition of Openjobmetis (+0.9% in organic terms), having topped the three-billion euro mark for the first time.
Also noting 'a genuine surprise with a 9% rise in EBITDA and a limited 60bp drop in its EBITDA margin, as well as a valuation that remains extremely moderate, Oddo BHF maintains its 'outperform' rating on the stock.
Despite logical pressure on margins, given the context, the group's annual results are relatively solid and well in line with expectations, TP ICAP Midcap says, which also welcomes the very pleasant surprise on its dividend.
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