External broker reports(aggregated public sources), International Securities

International Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>E7 Group posted 1Q25 profit of AED19mn, down 29% YoY (-72% QoQ), in line with estimates</li><li>The YoY decline is mainly due to the delivery schedule of contracts, with pick up expected through the remaining quarters of the year</li><li>On QoQ basis, profit decline is mainly due to seasonality in the business, particularly in the printing division which runs on reduced utilization in the 1Q, as well as lower number of operations days YoY due to leap year in 1Q24</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

E7 Group posted 1Q25 profit of AED19mn, down 29% YoY (-72% QoQ), in line with estimatesThe YoY decline is mainly due to the delivery schedule of contracts, with pick up expected through the remaining quarters of the yearOn QoQ basis, profit decline is mainly due to seasonality in the business, particularly in the printing division which runs on reduced utilization in the 1Q, as well as lower number of operations days YoY due to leap year in 1Q24Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

E7 group: 1Q25 profit down 29% YoY (-72% QoQ) to AED19mn; in line with estimates