Report
Emira Sagaama ...
  • Matthias Desmarais

Applus Service SA : La correction est trop sévère pour un bilan sain, Achat réitéré

>Un bilan sain et une situation de cash confortable - Applus a publié hier soir un communiqué dans lequel le groupe rappelle la solidité de son bilan lui permettant de faire face au contexte actuel. Le levier de la dette à fin février est de 1.8x l’EBITDA, largement en dessous du covenant de 4x, et le groupe dispose de liquidités à hauteur de 500 M€, ce qui représente 27% du CA et est en ligne avec le secteur. La première échéance de dette est de 200 M€ en 2024, ce qu...
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

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