Report
Emira Sagaama ...
  • Matthias Desmarais

Applus Service SA : Guidance rassurante et dividende en hausse, de quoi dynamiser le cours

>Résultats 2019 en ligne et bonne surprise sur le dividende - La croissance organique a été faible comme attendu au T4 (+2.3% vs consensus 2%, ODDO BHF 2.9%e) conduisant à un rythme de 5% sur l’année, en ligne avec les attentes (5.1% pour nous et le consensus) et avec la guidance sur un rythme mid-single digit. L’EBITA ajusté de 197 M€ est 1% au-dessus des attentes, conduisant à une marge de 11.1% sur l’année, 10 pb au-dessus des attentes. La marge a progressé de 42 p...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch