Report
Gregory Ramirez

CAST: Q2 2019 sales way above our estimates | BUY | EUR4.3 vs. EUR4.1 (+40%)

CAST - BUY | EUR4.3 vs. EUR4.1 (+40%)
Q2 2019 sales way above our estimates

Strong growth in Q2 2019 was driven by the US
Management remains confident in 20%+ growth for 2019
We raise our Fair Value to EUR4.3 from EUR4.1
Underlying
CAST SA

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.

Provider
Bryan Garnier
Bryan Garnier

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.

Analysts
Gregory Ramirez

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