2CRSI : Profitable hyper-growth confirmed and attractive valuation - Buy reiterated
>Despite the impact of shortages on sales, EBITDA guidance is achieved - Despite the delay to the publication of full 2018 earnings until 24 April, linked to the recent change of CFO, 2CRSI has reported EBITDA of € 6.1m in 2018 and sales of € 65.2m, i.e. a margin of 9.4% vs 7.3% in 2017. Whilst the group failed to achieve its guidance for sales of € 75m, it made this up in terms of profitability, thus enabling the group to achieve its guidance for EBITDA of more than ...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.
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.
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