Actia: share price on the rise despite warning

(CercleFinance.com) - Actia shares rose sharply on Tuesday on the Paris Bourse, where the electronics group was one of the market's biggest gainers, despite the warning it issued this morning.


At 2:30 pm, shares in this supplier to the automotive, rail, aerospace, defense, energy and telecommunications markets were up by over 4%, in a market that was gaining an average of 1.1%.

In the first half, Actia Group generated consolidated sales of 279.5 million euros, down 3.2%.

Its Ebitda came to 35.2 million euros, representing a margin of 12.6%, compared with 20.7 million and 7.2% respectively in the first half of 2023.

In its press release, the Group cites a deteriorating economic context in several business sectors, such as construction and agricultural equipment, as well as light and heavy vehicles.

This limited visibility on second-half activity has led the Group to anticipate sales growth of between -5% and 0% this year, compared with -5% to +5% previously.

In a reaction note, analysts at TP ICAP Midcap referred to a "further weakening of short-term visibility", while renewing their buy recommendation and their price target of five euros.

Investors seemed reassured, however, by the fact that the company had maintained its medium-term roadmap, i.e. a sales target of 800 million euros by 2027.

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