Report
Pierre Dinet (IDMidCaps)

Assystem - The group's great qualities now recognized in the valuation

Q4 still very dynamic (+15.5% lfl), but a little below mid-year guidanceResults will be good, and fiscal 2024 will also be a good yearThe Group should soon pay an exceptional dividend following the sale of its 5% stake in Framatome to EDF for over €200m.Still a positive opinion on the stock, which benefits from high visibility, but there is now less potential after a surge of over 30% in the last 3 months.
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
Degroof Petercam

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Analysts
Pierre Dinet (IDMidCaps)

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