Report
Nicolas Thorez

2CRSI : No surprises in the FY 2020-21 results. Activity seems well set in FY 2021-22, leaving aside supply chain pressures

>Broadly satisfactory FY 2020-21 results, but bottom line penalised by Blade - 2CRSi this morning released estimated annual results for FY 2020-21 (being audited, FY to end1eFebruary) that were broadly close to our forecasts for most aggregates. On sales (already reported) of € 163.3m, up 15.8% pro-forma (including Boston Limited), EBITDA came to € 7.3m, i.e. a margin of 4.5%, compared with -3.1% excluding Boston Limited and 0.8% pro-forma in FY 2019-20. This level ref...
Underlying
2CRSI SA

2Crsi SA. 2Crsi SA is a France-based company, which serves as a manufacturer of server solutions and other data storage device wholesaler. Its portfolio of solutions includes Data Centers, which provides customers with smarter storage; Independent Software Vendors (ISV), which enables users to create solutions that optimize customers' data experience; Industries, which provides information technology (IT) equipment for a number of industries, including the aerospace, petroleum, oil & gas and healthcare sectors, among others. Additionally, 2Crsi manufactures a range of products, which includes servers, storage solutions, converged platform, appliances and micro clusters. Its customers include OVH, Free, Dassault Group, CGG Veritas, and many independent software vendors, data centers, distributors, and other businesses, among others.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Nicolas Thorez

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