Aubay - Excessive penalty after slight decline in H1 results as expected
EBIT before share-based payment down 8% in H1 due to an unfavourable calendar, a contraction in the productivity rate and difficulties at the Italian subsidiary EBIT margin (before share-based payment) of 8.9%, in line with the Group's guidance, down from a record level of 10.3% in H1 2022 Management confirms a downturn in demand compared with a euphoric 2022 2023 guidance confirmed (+5 to 7% organic growth and EBIT margin (before share-based payment) of between 9.5 and 10.5%), but management is now looking to the lower end of the range, and the 2024 financial year is still expected to showAubay 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.
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