Report
Julien Onillon
EUR 250.00 For Business Accounts Only

SII, A still very strong growth. An increasingly visible discount.

The publication of the 4th quarter 2018 turnover figures of the major specialized in engineering and technology consulting (ETC) players was reassuring. While there were fears of a negative impact from the general economic slowdown, French leaders in the sector maintained very strong organic growth rates. In France, Alten, AKKA and Altran saw their sales increase by 11.3%, 10.3% and 9% respectively. Their international performances were even stronger. Still organically, Alten grew by 17.1%, Altran by 13.5% and AKKA by 12.5%. Very logically, the share prices of the French leaders took advantage of these good figures and recorded a strong rebound. Since the beginning of the year Alten has gained 30%, AKKA 37% and Altran 44%... Over the same period, SII has only gained 5%!

Underlying
Societe Pour L'Informatique Industrielle

Societe Pour l Informatique Industrielle SA is a France-based company principally engaged in the provision of consultancy services to enterprises in the industrial, financial and service sectors on the implementation of technically complex projects, including technical and industrial systems, telecommunications and networks, e-banking, information systems, systems administration and new information and communication technologies. The Company has two principal activities: the external research and development in data processing and telecommunications, and integration of systems in technical data processing and networks. It offers a range of services, including consulting and studies, development engineering and tests, as well as deployment and maintenance. The Company has such subsidiaries as Rucker Aerospace GmbH, Rucker France and its Dutch subsidiary Silver Aerospace BV, and I+D group in Colombia, among others.

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LPE Research
LPE Research

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Analysts
Julien Onillon

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