Infotel - No return to growth in the short term
Third conscutive quarter of decline (-1%), still due to lower activity in the banking sector, particularly at BNP ParibasThe Group anticipates stable H1 2024 sales before a return to growth in H2Thanks to the flexibility provided by the large proportion of subcontracting, Infotel should stabilise its EBIT margin close to the H1 2023 levelThe 2026 plan looks increasingly out of reachWith Q1 sales likely to decline and 2026 targets likely to be lowered, newsflow is not goodNonetheless, we are maintaining our BUY rating, given that the Group's business is largely recurring, that its software offering offers potential for margin expansion,Infotel is a group of consulting companies and a global software vendor. The Group has developed a complete service offering and a range of software for enterprise servers. Co. provides consultancy, analysis, IT system audits, third-party application maintenance and software testing solutions. Co. designs and implements, as service contracts or service desk, management projects by implementing advanced methods and technologies, from mobile technology to databases. Co. has developed software to assist customers in areas such as DB2® (security, performance and management), data management and archiving, web-enables or quality applications and relational database performance.
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.