Report
Pierre Dinet (IDMidCaps)

Assystem - Full-year forecasts confirmed after a good Q3 in line with expectations

Q3 still dynamic, up 2 digits organically and in line with our expectationsFull-year forecasts confirmed: high confidence that we will achieve our Operating EBIT on Activity target, even if management acknowledges that the revenue guidance is a little challenging.Still a key stock, offering visibility thanks to its unique positioning in the nuclear sectorBUY opinion and target price of €51.0/share maintained
Underlying
Assystem SA

Assystem SA is a France-based company that is principally engaged in engineering and innovation consultancy. The Company offers solutions within a number of sectors, such as Aerospace, Defence, Energy, Nuclear, Life Sciences, Infrastructure, Automotive and Transport. The Company develops the infrastructural engineering and externalized R&D services. It's activities include managing infrastructural investments, from conception to dismantling; aerospace mechanical engineering, providing technical services to aerospace, engine and automotive manufacturers and technology & product engineering, providing services in transport, defense, product hardware and software development. The Company is present Europe, North America and Asia. The main shareholder of the Company is HDL Developpement SAS. It operates through Onyx Promavi, Batir Group, Edison Technical Recruitment Ltd, Radicon Gulf Consult, Engineering Partner Automotive Nordic AB and The Biotech Quality Group, among others.

Provider
Degroof Petercam
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Analysts
Pierre Dinet (IDMidCaps)

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