Visiativ SA

Visiativ SA. Visiativ SA is a France-based company engaged in the information technology (IT) consulting and other services. The Company offers integration services for various enterprises, active in the fields of industry, retail and services. Its portfolio of solutions includes Aeronautics & Defense, Consumers goods, Industrial equipment, Transport & mobility, Life sciences, High technologies, Finance & services and Engineering & construction, among others. Visiativ SA operates through NC2 Network Computer Communication SASU (NC2), a Tour De Salvagny-based provider of data processing and hosting services and Solo Solution Autonome SAS, a Guilherand-Granges-based provider of computer systems design services.
  • TickerALVIV
  • ISINFR0004029478
  • ExchangeEuronext Paris
  • SectorSoftware & Computer Services
  • CountryFrance
Jeremy Garnier

Chargeurs : Feedback from Nextcap Forum held from 3 to 5 June 2020

At our ODDO BHF Nextcap Forum, 23 companies met more than 140 investors. While the fallout from the COVID-19 crisis is certain, the overall message was positive and reassuring, with the feeling that the worst has been averted and recovery is to be expected in the second half of the year, despite persistently grave uncertainty. In this document, we compiled 20 feedbacks, giving rise to two recommendation upgrades (Groupe Open and Jacquet Metal Service) and nine target price revisi...

Jeremy Garnier

Chargeurs : Feedback Forum NextCap des 3, 4 et 5 juin 2020

Au cours de notre Forum ODDO BHF NextCap, 23 sociétés ont rencontré plus de 140 investisseurs. Si les impacts de la crise du COVID-19 sont certains, la tonalité est ressortie globalement positive et rassurante avec le sentiment d’avoir échappé au pire et d’aborder une reprise qui devrait se dessiner au S2 malgré une incertitude encore forte. Nous compilons dans ce document 20 feedbacks, donnant lieu à 2 relèvements de recommandations (Groupe Open, Jacquet Metal Service) et 9 ré...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Fehmi Ben Naamane
  • Hana Maalej
  • Jean-François Granjon
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 04/23/2020

We estimate that net current cash flow per share for the property companies we cover will be reduced on average by -11.3% in 2020e and -6.0% in 2021e. Retail property companies are likely to be hit the hardest while office and healthcare property groups should prove more resilient. Our Top Picks against this backdrop are Gecina and Colonial in office property, Cofinimmo in healthcare property and Klépierre in retail property. We downgrade Merlin Properties from Buy to Neutral. - ...

Nicolas Thorez

Visiativ : Q1 in line, some reassuring aspects despite little visibility on 2020

>Q1 revenue in line at € 42.3m (+2% y-o-y of which -1% organic) - Visiativ’s Q1 revenue figures released yesterday evening, came out in line with our expectations. Revenue totalled € 42.3m, having increased by 2% y-o-y over the quarter (vs. ODDO BHF +2.5%e). Stripping out the consolidation of CCSL and LivingActor, and at constant currencies, organic growth reached -1% y-o-y in Q1 which was slightly below our forecast (i.e. stable vs. Q1 2019). As expected, the 3DEXPER...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Fehmi Ben Naamane
  • Hana Maalej
  • Jean-François Granjon
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 23/04/2020

...

Jeremy Garnier

Chargeurs : Feedback from Nextcap Forum held from 3 to 5 June 2020

At our ODDO BHF Nextcap Forum, 23 companies met more than 140 investors. While the fallout from the COVID-19 crisis is certain, the overall message was positive and reassuring, with the feeling that the worst has been averted and recovery is to be expected in the second half of the year, despite persistently grave uncertainty. In this document, we compiled 20 feedbacks, giving rise to two recommendation upgrades (Groupe Open and Jacquet Metal Service) and nine target price revisi...

Jeremy Garnier

Chargeurs : Feedback Forum NextCap des 3, 4 et 5 juin 2020

Au cours de notre Forum ODDO BHF NextCap, 23 sociétés ont rencontré plus de 140 investisseurs. Si les impacts de la crise du COVID-19 sont certains, la tonalité est ressortie globalement positive et rassurante avec le sentiment d’avoir échappé au pire et d’aborder une reprise qui devrait se dessiner au S2 malgré une incertitude encore forte. Nous compilons dans ce document 20 feedbacks, donnant lieu à 2 relèvements de recommandations (Groupe Open, Jacquet Metal Service) et 9 ré...

Nicolas Thorez

Visiativ : Q1 in line, some reassuring aspects despite little visibility on 2020

>Q1 revenue in line at € 42.3m (+2% y-o-y of which -1% organic) - Visiativ’s Q1 revenue figures released yesterday evening, came out in line with our expectations. Revenue totalled € 42.3m, having increased by 2% y-o-y over the quarter (vs. ODDO BHF +2.5%e). Stripping out the consolidation of CCSL and LivingActor, and at constant currencies, organic growth reached -1% y-o-y in Q1 which was slightly below our forecast (i.e. stable vs. Q1 2019). As expected, the 3DEXPER...

Matthieu Lavillunière ...
  • Maxime Dubreil
  • Thibault Morel

INVEST SECURITIES - VISIATIV : La récurrence du CA joue son rôle à plein au T1 - ACHAT, OC 24€

Nicolas Thorez

Visiativ : T1 en ligne, des éléments rassurants malgré une visibilité réduite sur 2020

>CA T1 2020 en ligne à 42.3 M€ (+2% y/y dont -1% en organique) - Visiativ a publié hier soir un CA T1 en ligne avec nos attentes. Le niveau d’activité ressort à 42.3 M€, soit une progression de 2% y/y sur le trimestre (vs ODDO BHF +2.5%e). Hors intégration de CCSL et LivingActor, et à change constant, la croissance organique s’établit à -1% y/y sur la période, légèrement en-dessous de nos attentes (i.e. stable vs T1 2019). Comme anticipé, la division 3DEXPERIENCE VAR ...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Fehmi Ben Naamane
  • Hana Maalej
  • Jean-François Granjon
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 04/23/2020

We estimate that net current cash flow per share for the property companies we cover will be reduced on average by -11.3% in 2020e and -6.0% in 2021e. Retail property companies are likely to be hit the hardest while office and healthcare property groups should prove more resilient. Our Top Picks against this backdrop are Gecina and Colonial in office property, Cofinimmo in healthcare property and Klépierre in retail property. We downgrade Merlin Properties from Buy to Neutral. - ...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Fehmi Ben Naamane
  • Hana Maalej
  • Jean-François Granjon
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 23/04/2020

...

Antoine Boivin-Champeaux ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Geoffroy Michalet
  • Hela Zarrouk
  • Johanna Jourdain
  • Nicolas David
  • Nicolas Thorez
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 01/29/2020

...

Antoine Boivin-Champeaux ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Geoffroy Michalet
  • Hela Zarrouk
  • Johanna Jourdain
  • Nicolas David
  • Nicolas Thorez
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 29/01/2020

...

Aurelien Sivignon ...
  • Emmanuel Matot
  • Jean-François Granjon
  • Michael Foundoukidis
  • Nicolas Thorez

ODDO BHF Small & MIDCAP MORNING NEWS - 01/08/2020

Rothschild & Co’s sensitivity to the cycle is a concern for investors. The market appears to integrate the scenario of a downturn which increases risk but largely ignores the potential of private equity and debt, possibilities for restructuring and shareholder returns. Target price lowered to € 32.2. Buy confirmed. - Cf. equity report published last evening. - ...

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Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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