Redeye strengthens its positive view of Avensia following an overall solid Q4 report.
Redeye comments on Avensia’s Q4 report, showing solid growth and cash flow but an adjusted EBIT somewhat short of our expectations.
Redeye retains its positive view of Avensia following a solid Q3 report with a healthy underlying margin.
Redeye strengthens its positive view of Avensia following a Q2 report beating our forecasts.
Redeye strengthens its positive view of Avensia following a strong Q2 report, with growth and margins substantially exceeding our expectatio...
Redeye remains positive towards Avensia following a Q1 report largely matching our forecasts.
Redeye will likely keep its forecasts and Base Case largely unchanged following a stable Q1 report matching our expectations.
Redeye takes a positive stance towards Avensia’s ambitious yet reasonable financial targets.
Redeye remains positive towards Avensia despite a soft Q4 report and reduced forecasts.
Redeye sees a soft Q4 report from Avensia, where high sub-consultant usage and a high share of new customers hurt margins.
Redeye strengthens its positive view of Avensia following a strong Q3, with an EBIT significantly above our expectations.
Redeye strengthens its positive view of Avensia following a Q3 report showing a substantial margin rebound, coming much earlier than we expe...
Redeye retains its positive view of Avensia despite a soft Q2, with sales and EBIT below our expectations.
Redeye retains its positive view of Avensia despite a softer Q2 than expected.
Redeye initiates coverage of Avensia, a premium e-commerce-focused IT consultancy firm, which combines leading e-commerce platforms with its...
Weak Q4 due to a soft end market We lower '23e-'24e EBIT by 56-44% Market to remain sluggish in the coming quarters Q4 sales -2% y-o-y, -10...
Sales +8% y-o-y, but EBIT declined y-o-y ‘22e-’24e EBIT cut by 28-46% on lower utilisation Well-positioned long-term in the e-commerce nic...
Sales 13% y-o-y but 4% below ABGSCe Several new growth initiatives result in EBIT cuts 15x-11x ‘22e-’23e EV/EBIT vs.
Sales up 26% y-o-y, -3% vs. ABGSCe We lift ‘22e adj.
Strong sales beat driven by better-than-expected utilisation While we have previously expected Avensia to gradually return to historical gro...
