Oddo BHF - APPLUS SERVICES S.A. (ASS) Applus Service SA : H1 revenue well above forecast. Amber’s delisting request at € 12.78 will soon be launched. Neutral vs. Outperform

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Oddo BHF

Geoffroy Michalet

Applus Service SA : H1 revenue well above forecast. Amber’s delisting request at € 12.78 will soon be launched. Neutral vs. Outperform

>A very solid trend - Applus published its H1 revenue yesterday evening, which came out at € 1,094m, up 9.3%, beating our forecast of € 1,017m and the VA consensus of € 1,043m. Organic growth reached 8.8%, well above our forecast (ODDO BHF: 6.8% estimated). There was a negative forex effect of -1.4%. The scope effect was 1.9%. Organic growth in Q2 came to 10.1%. By division: it should be stressed that the group did not communicate any figures for the first qua...

25/07/2024 1 EN

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.

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ES0105022000 Madrid Stock Exchange Spain

Provider

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.

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Analysts

Geoffroy Michalet

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Applus Service SA : H1 revenue well above forecast. Amber’s delisting request at € 12.78 will soon be launched. Neutral vs. Outperform

ODDO BHF Small & MIDCAP MORNING NEWS - Date1

ODDO BHF Small & MIDCAP MORNING NEWS - 11/14/2024

Applus Service SA : The story comes to an end

Crédit Agricole Assurances : Recommandation Achat sur le nouvel RT1

Crédit Agricole Assurances : Buy recommendation on the new RT1 bonds

Viridien : Viridien: Stairway to refinancing

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