Allgeier SE : H1 2019 prelim results a mixed-bag, underline solid acceleration in strategic core segments and further restructuring of spin-off experts segment
>Technology and Enterprise Services >30% yoy on top and bottom line - Allgeier (AEI) unexpectedly released preliminary numbers for H1 2019 which showed solid performances slightly above our estimates in both strategic segments technology and enterprise services. Together, these two segments achieved revenue growth of ~33% and earnings growth (adjusted EBITDA) of ~31%, with a corresponding margin of 13%, driven by recent acquisitions.However, the experts segment, ...Allgeier is an information technology (IT) company for business performance. Co. develops and completes software for digital network operators, trade applications and cloud computing users. Co. also provides integrated systems for inventory control systems, document management, integrated mail systems, and eCommerce. In addition, Co.'s operative business is classified into three segments: Solutions, Experts and Projects, which are spread across four relevant markets: IT Services, Software, IT Hardware, and Information Technology. Co.'s main customer base includes, the banking, finance, and insurance sectors.
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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