Q: Please comment on Topicus earnings.
Do you consider these results to help dissipate the AI related fears ?
Thanks
Do you consider these results to help dissipate the AI related fears ?
Thanks
5i Research Answer:
EPS was €0.53 vs estimates €0.52; revenue €436.8M vs estimates €442M. For investors freaking out about AI incursion, let's look at growth: sales up 20%. Organic growth 4%, cash flow up 35%, free cash flow up 40%, Net income up 41%. Acquisitions were €390M. There was not a lot of details in the release and no conference call. But we would consider 4% organic growth quite solid overall, and the company seems very much on track. We are not entirely sure this will appease all scared investors, but the growth remains there. If TOI can keep up decent organic growth and continue to advance its M&A goals, things should be OK here.