Report
Emira Sagaama ...
  • Matthias Desmarais

Applus Service SA : Confiance dans l’amélioration de la marge en 2019

>Accélération spectaculaire de la croissance organique au T4 - Les résultats annuels sont ressortis légèrement supérieurs aux attentes avec un CA de 1,7 Md€ sur l’année (en ligne avec les attentes) et un EBITA ajusté de 171 M€ (1% au-dessus). La bonne surprise provient d’une accélération spectaculaire de la croissance organique à 7.8% au T4 (vs consensus à 5.2%e, Oddo-BHF 5.7%e), ce qui porte la performance annuelle à 4.9% (vs consensus à 4.2%e) parfaitement en ligne ...
Underlying
APPLUS SERVICES S.A.

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.

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
Emira Sagaama

Matthias Desmarais

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