Report

Bon T2 grâce à un important effet calendaire - NEUTRE - 60€ (vs 59€)

Le CA T2 16 publié hier soir marque une nette accélération de la croissance organique (+10,6% au T2) expliquée notamment par un effet calendaire favorable. La tendance est parfaitement en ligne avec les tendances du T1 sur la France et voit une légère diminution de la décroissance en Allemagne. Dans ce pays, la part du CA réalisée en AUG (28%) maintient encore un fort niveau d’incertitude selon nous. En-dehors de l’Allemagne, l’international est très dynamique. Nous ne modifions pas nos estimations et ajustons notre objectif de cours à 60€ vs 59€ du fait de l’évolution des paramètres de marché. NEUTRE maintenu.
Underlying
Alten SA

Alten is a holding company. Through its subsidiaries, Co. operates in three areas: Engineering and Technology Consulting (ETC), Telecoms Networks and Multimedia, and Information Systems (NTIS). Through the Engineering and Technology Consulting (ETC) segment, Co. studies and designs technology products for technical divisions in industry and telecoms. The Telecoms Networks and Multimedia segment focuses on Product design, Architecture, deployment, and operation of networks. Lastly, the IT systems segment comprises Applications and software development, and Infrastructure and Telecoms (Applications, systems and networks Corporate telecommunications).

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

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