Cast: H1 2018 results in line, FY18 targets reiterated
Cast: (BUY, Fair Value EUR4,7 (+22%))H1 2018 results in line, FY18 targets reiterated
Yesterday evening, Cast reported H1 2018 results in line with our expectations, and reiterated 20% FY18 targets, i.e. revenue growth of c. 20% and an operating results close to breakeven. We still anticipate modest growth in Q3 and 30-35% growth in Q4, and considers the share price will not react significantly over the short term.
Cast is engaged in the design, publishing and distribution of computer software programs. Co. also offers IT consulting and technical assistance for professional information systems. Co. operates in France, U.S.A., Belgium, Spain, Italy, Switzerland, and Germany.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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