Applus Service SA : Notable performance driven by strong M&A growth
>Acceleration in the recovery in H1 - The strong margin recorded by the group in HI of 10.3% is the result of an improvement in organic growth (8.5%, i.e. -6.8% in Q1 and +27.2% in Q2), a scope effect of 9.1% driven by accretive acquisitions, good cost control and a favourable shift in the mix.By division: E&I (energy & industry) - 51% of H1 revenues / 30% of AOP): despite an organic decline of 2% in H1 2021 because of its strong exposure to O&G opex (40% 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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