Group ADP

H1: Tariff framework drives the valuation

30/07/26 -"ADP beat H1 consensus despite another weak traffic print in Paris. Retail held up better than feared, costs were controlled and international assets offset most of the pressure, allowing EBITDA to ..."

PDF page sample
Pages
53
Language
English
Published on
30/07/26
Download
You may also be interested by these reports :
30/07/26
ACS reported Q2 results broadly in line with expectations and raised guidance, helped again by Turner and the US data-centre cycle. H1 operational ...
30/07/26
VINCI protected earnings despite weaker concession volumes. Revenue rose 2.1% to €35.6bn, while EBITDA increased by 4.5% and EPS by 10.8%. Cost ...
30/07/26
ADP beat H1 consensus despite another weak traffic print in Paris. Retail held up better than feared, costs were controlled and international assets ...
29/07/26
VINCI beat consensus across the main profit lines in H1 despite weaker motorway and airport volumes. Revenue rose 2.1% to €35.6bn, with Q2 ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO