Applus Services SA

Applus Services SA is a Spain-based company that provides inspection, testing and quality assurance services. The Company's activities are divided into five segments: Applus+ RTD, which provides non-destructive testing services mainly to the oil industry; Applus+ Velosi-Norcontrol, which offers solutions for technical assistance, supervision, inspection, quality control testing, certification and consulting services mainly to industrial, electrical, oil and telecommunications facilities; Applus+ Laboratories, which focuses on laboratory testing, system certification and product development services within aerospace, industrial and consumer goods sectors, among others; Applus+ Automotive, which is responsible for the vehicle roadworthiness testing services, and Applus+ IDIADA, which delivers design, engineering, testing and certification services mainly to car manufacturers. The Company operates in Europe, Africa, Asia and the Americas.
  • TickerASS
  • ISINES0105022000
  • ExchangeMadrid Stock Exchange
  • SectorSupport Services
  • CountrySpain

Analysts

Baptiste Lebacq ...
  • Benoit Valleaux
  • Christophe Chaput
  • Emira Sagaama
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Johanna Jourdain
  • Matthias Desmarais
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF Small & MIDCAP MORNING NEWS - 26/02/2020

...

Baptiste Lebacq ...
  • Benoit Valleaux
  • Christophe Chaput
  • Emira Sagaama
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Johanna Jourdain
  • Matthias Desmarais
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF Small & MIDCAP MORNING NEWS - 02/26/2020

...

Emira Sagaama ...
  • Matthias Desmarais

Applus Service SA : Guidance rassurante et dividende en hausse, de quoi dynamiser le cours

>Résultats 2019 en ligne et bonne surprise sur le dividende - La croissance organique a été faible comme attendu au T4 (+2.3% vs consensus 2%, ODDO BHF 2.9%e) conduisant à un rythme de 5% sur l’année, en ligne avec les attentes (5.1% pour nous et le consensus) et avec la guidance sur un rythme mid-single digit. L’EBITA ajusté de 197 M€ est 1% au-dessus des attentes, conduisant à une marge de 11.1% sur l’année, 10 pb au-dessus des attentes. La marge a progressé de 42 p...

Emira Sagaama ...
  • Matthias Desmarais

Applus Service SA : Reassuring guidance and increased dividend should boost the share price

>2019 results in line and pleasant surprise on the dividend - Organic growth was weak as expected in Q4 (+2.3% vs consensus 2%, ODDO BHF 2.9% estimated) resulting in a pace of 5% over the full year, in line with expectations (5.1% for ODDO BHF and the consensus) and with guidance at a mid-single digit rate. Adjusted EBITA of € 197m is 1% ahead of expectations, resulting in a margin of 11.1% over the full year, 10bp ahead of expectations. The margin rose by 42bp over t...

Andres Bolumburu

APPLUS: MENSAJES DE LA CONFERENCE CALL RDOS. 2019 (ANÁLISIS BANCO SABADELL)

Adjuntamos los principales mensajes del conference call de Rdos.:  Oil&Gas: La debilidad vista en este segmento (34% de las ventas) se sigue debiendo principalmente a contratos de EE.UU. (representa el 25% de Energy&Industry) ligados a CAPEX (c.11% de las ventas de EE.UU. en Energy&Industry) que esperan se siga deteriorando (o como escenario más optimista, mantenerse plano) en 2020. Para el conjunto de la división esperan un crecimiento de ventas de low to mid single digit. Con respecto a la parte de Oil&Gas ligada a OPEX, observan una menor competencia y prevén un incremento de márgenes.  P...

Emira Sagaama ...
  • Matthias Desmarais

Applus Service SA : Guidance rassurante et dividende en hausse, de quoi dynamiser le cours

>Résultats 2019 en ligne et bonne surprise sur le dividende - La croissance organique a été faible comme attendu au T4 (+2.3% vs consensus 2%, ODDO BHF 2.9%e) conduisant à un rythme de 5% sur l’année, en ligne avec les attentes (5.1% pour nous et le consensus) et avec la guidance sur un rythme mid-single digit. L’EBITA ajusté de 197 M€ est 1% au-dessus des attentes, conduisant à une marge de 11.1% sur l’année, 10 pb au-dessus des attentes. La marge a progressé de 42 p...

Emira Sagaama ...
  • Matthias Desmarais

Applus Service SA : Reassuring guidance and increased dividend should boost the share price

>2019 results in line and pleasant surprise on the dividend - Organic growth was weak as expected in Q4 (+2.3% vs consensus 2%, ODDO BHF 2.9% estimated) resulting in a pace of 5% over the full year, in line with expectations (5.1% for ODDO BHF and the consensus) and with guidance at a mid-single digit rate. Adjusted EBITA of € 197m is 1% ahead of expectations, resulting in a margin of 11.1% over the full year, 10bp ahead of expectations. The margin rose by 42bp over t...

Andres Bolumburu

APPLUS: MENSAJES DE LA CONFERENCE CALL RDOS. 2019 (ANÁLISIS BANCO SABADELL)

Adjuntamos los principales mensajes del conference call de Rdos.:  Oil&Gas: La debilidad vista en este segmento (34% de las ventas) se sigue debiendo principalmente a contratos de EE.UU. (representa el 25% de Energy&Industry) ligados a CAPEX (c.11% de las ventas de EE.UU. en Energy&Industry) que esperan se siga deteriorando (o como escenario más optimista, mantenerse plano) en 2020. Para el conjunto de la división esperan un crecimiento de ventas de low to mid single digit. Con respecto a la parte de Oil&Gas ligada a OPEX, observan una menor competencia y prevén un incremento de márgenes.  P...

Andres Bolumburu

APPLUS: FY2019 RESULTS (ANÁLISIS BANCO SABADELL)

4Q'19 vs. 4Q'18 Results Sales: € 448.0 M (+4.0% vs. +3.1% BS(e) and +3.5% consensus); EBIT: € 48.6 M (+12.0% vs. +10.4% BS(e) and +10.4% consensus); FY2019 vs. FY2018 Results Sales: € 1.778 Bn (+6.1% vs. +5.9% BS(e) and +6.0% consensus); EBIT: € 197.1 M (+15.4% vs. +15.0% BS(e) and +15.0% consensus); The results came in as expected. 4Q’19 sales grew +4% (+2.3% organic), with the annual figure coming in at +6.1% (+5% on the organic level). By business, we highlight the good performance of most of its markets (Autos, Idiada, Labs, as well as Oil&Gas for maintenance-OPEX-, electricity generation...

Andres Bolumburu

APPLUS: RDOS. 2019 (ANÁLISIS BANCO SABADELL)

Rdos. 4T'19 vs 4T'18: Ventas: 448,0 M euros (+4,0% vs +3,1% BS(e) y +3,5% consenso); EBIT: 48,6 M euros (+12,0% vs +10,4% BS(e) y +10,4% consenso). Rdos. 2019 vs 2018: Ventas: 1.778 M euros (+6,1% vs +5,9% BS(e) y +6,0% consenso); EBIT: 197,1 M euros (+15,4% vs +15,0% BS(e) y +15,0% consenso). Rdos. en línea con lo esperado. Las ventas 4T'19 crecen un +4% (+2,3% orgánico) dejando el crecimiento anual en el +6,1% (y +5% orgánico). Por línea de negocio, destacan el buen crecimiento de la mayoría de sus mercados (Autos, Idiada, Labs, así como Oil&Gas para mantenimiento -OPEX-, generación y distri...

2 directors sold

Two Directors at Applus Services Sa sold 98,432 shares at between 12.900EUR and 13.030EUR. The significance rating of the trade was 94/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing r...

Baptiste Lebacq ...
  • Benoit Valleaux
  • Christophe Chaput
  • Emira Sagaama
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Johanna Jourdain
  • Matthias Desmarais
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF Small & MIDCAP MORNING NEWS - 26/02/2020

...

Baptiste Lebacq ...
  • Benoit Valleaux
  • Christophe Chaput
  • Emira Sagaama
  • Fehmi Ben Naamane
  • Hela Zarrouk
  • Johanna Jourdain
  • Matthias Desmarais
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF Small & MIDCAP MORNING NEWS - 02/26/2020

...

Emira Sagaama ...
  • Emmanuel Matot
  • Jean-François Granjon
  • Matthias Desmarais
  • Nicolas Thorez
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 03/12/2019

En amont de la publication des résultats annuels 2018/19 le 9 décembre, nous réitérons notre opinion Achat avec un OC de 35.8 € (vs 33 €). Après trois années marquées par un rythme d’investissements élevé mais nécessaire pour sa croissance future, Compagnie des Alpes devrait progressivement revenir vers un niveau de Capex plus normatif. Le groupe devrait alors rassurer quant à sa capacité à générer de nouveau du FCF. Avec l’arrivée de son nouveau DG Adjoint et fort d’une situation bil...

Alain William ...
  • Christophe Chaput
  • Emira Sagaama
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 10/31/2019 Date Performance since listing Date Performance since listing

...

Alain William ...
  • Christophe Chaput
  • Emira Sagaama
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 31/10/2019

...

APPLUS SERVICIOS sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of APPLUS SERVICIOS (ES), a company active in the Business Support Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date December 17, 2019, the closing price was EUR 11.31 and its potential was estimated at EUR 12.43.

Ford Equity International Rating and Forecast Report

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...

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 23 TO 30 OCTOBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio We lower Volkswagen’s weight and raise that of Airbus. European High Yield Portfolio Air Liquide, Allianz, Daimler, SAP & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Applus, CAF, Dominion, Enagás, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 06 TO 13 MARCH 2019 (ANÁLISIS BANCO SABADELL)

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 06 TO 13 MARCH 2019 (ANÁLISIS BANCO SABADELL)

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 06 A 13 MARZO 2019 (ANÁLISIS BANCO SABADELL)

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 06 A 13 MARZO 2019 (ANÁLISIS BANCO SABADELL)

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 27 FEBRUARY TO 06 MARCH 2019 (ANÁLISIS BANCO SABADELL)

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 27 FEBRUARY TO 06 MARCH 2019 (ANÁLISIS BANCO SABADELL)

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 27 FEBRERO A 06 MARZO 2019 (ANÁLISIS BANCO SABADELL)

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 27 FEBRERO A 06 MARZO 2019 (ANÁLISIS BANCO SABADELL)

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