Aubay - A period of transition but a good point of entry
After 2 very good years, Aubay recorded a 10% fall in its EBIT before share-based payment due to the contraction in profitability.Since Q2, demand for IT Services sector has slowed, particularly in the banking sector, Aubay's specialityProfitability remains at a good level, in line with our latest guidance, and cash generation was slightly ahead of our expectationsH1 2024 will still be soft, but demand will not collapse and the Group has identified ways of improving marginsThe timing is still unfavourable, but Aubay remains a very well-managed IT Services sector and consolidation in the sector could be a source of opportunityAubay SA is a France-based company engaged in the Information Technology (IT) industry. The Company designs architecture of information systems, develops and facilitates content management, designs and develops secured IT networks, offers consulting on telecommunication strategies, provides network engineering, handles engineering projects and outsourced research. It also develops projects and offers facilities management solutions, among others. The Company's products are sold to the sectors of defense, aeronautics, energy, banking, insurance telecommunications, as well as transport and rail sectors. It has developed two service centers: The Dedicated Service Centre includes the technical platform, the premises and all the resources that are dedicated to a single customer; the Pooled Services Centre, which covers the resources, tools and processes pooled for a group of customers. It has such subsidiaries as Aedian SA and Aubay SA, Norma 4 Servicios Informaticos SA, among others.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.