Applus Service SA : H1 2023 earnings a shade above estimates – Guidance updated
>A very strong performance in line with Q1 - The group published its H1 earnings this morning. Sales stand at € 1,001m (€ 992m ODDO BHF / € 1,006m consensus), up 9.0% of which organic growth of 8.8%. The forex effect is negative at -1.5%, slightly above forecasts (ODDO BHF: -0.6% est., consensus: -0.8%) and the scope effect at +1.7% (ODDO BHF: 1.3% est., consensus: 0.5%).Organic growth in Q2 came to 8.8% in line with Q1 (8.8%), beating by far our forecasts and t...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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