Applus Service SA : 2022-2024 strategic plan – Set for a favourable shift in the business mix and lower exposure to O&G. Disposals in 2022
>Continuation of the recovery - acceleration in the diversification out of O&G - The group is clearly choosing to accelerate the shift in its mix (currently nearly 26% O&G, 5% capex / 21% opex) via several levers including i/ organic growth with a mid to high single-digit target (vs 4% in our estimates), which we take to mean an increase in opex and capex, ii/ € 300-400m in M&A in the period (focused on renewables, infrastructure, energy and laboratories) and iii/ dis...Applus Services SA is a Spain-based company that provides inspection, testing and quality assurance services. The Company's activities are divided into five segments: Applus+ RTD, which provides non-destructive testing services mainly to the oil industry; Applus+ Velosi-Norcontrol, which offers solutions for technical assistance, supervision, inspection, quality control testing, certification and consulting services mainly to industrial, electrical, oil and telecommunications facilities; Applus+ Laboratories, which focuses on laboratory testing, system certification and product development services within aerospace, industrial and consumer goods sectors, among others; Applus+ Automotive, which is responsible for the vehicle roadworthiness testing services, and Applus+ IDIADA, which delivers design, engineering, testing and certification services mainly to car manufacturers. The Company operates in Europe, Africa, Asia and the Americas.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.