Séché Environnement rises after it returns to organic growth in Q3

Seche Environnement SA

30/10/2024 09:38

** Shares in Séché Environnement  CCHE.PA  rise 5% after the
French waste management services firm returned to organic
revenue growth in Q3
    ** It posts revenue of 286.3 million euros ($310.3 million)
for Q3, up 1.9% on an organic basis 
    ** "Q3 marks a return to organic growth, which should
accelerate in the coming quarters with the ramp-up of major
service contracts won in recent months," Portzamparc analyst
Nicolas Royot says
    ** The company also confirms its guidance for FY revenue of
around 1.12 billion euros
    ** Royot adds the recent drop in Séché's share price offers
an investment opportunity for the coming months
    ** The shares, down 20% YTD, are on track for their best day
since July 1 if the gains hold
    
  
($1 = 0.9226 euros)

 (Reporting by Mathias de Rozario)
 ((mathias.derozario@thomsonreuters.com))