Applus Service SA : Good momentum expected in H2. Target price adjusted to € 11.0 vs € 9.0
>Conference call feedback – Estimates revised for H2 - Applus successfully maintained stable organic growth in Q2 vs Q1 2023 at 8.8% with a price effect of c. 3.0% in H1, helping to partly offset the wage inflation of c. 4.5%. The price hike should accelerate slightly in H2. Increase in guidance: organic growth that was better than expected led Applus to raise its guidance for 2023, to high single-digit growth vs mid- to high single-digit growth. This is more o...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.
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