Applus Service SA : H1 2019 preview: confidence in growth momentum
>Stronger organic growth in the sector in 2019 - We are confident that growth will remain robust at Applus, and we are forecasting organic growth of +5.6% in Q2, i.e. +5.9% in H1, which compares with 3.4% on average at peers SGS, Bureau Veritas and Intertek, on our estimates. All of the group’s activities appear favourable, the driver of the improvement in growth over the full year (6% estimated in 2019e vs 4.9% in 2018) remaining the energy & industry division (61% 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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