Applus Service SA : Q3 figures in line with expectations – guidance maintained
>Nice surprise in automotive - The group this morning reported Q3 2023 sales in line with our expectations and those of the consensus, in line with the previous quarter. Q3 sales came in at € 518m (€ 524m ODDO BHF/ € 520m css), up 6.5%. Organic growth came in at 9.5% (ODDO BHF 8.6%e, css 7.6%). The forex effect was negative at -5.6%, ahead of our expectations (ODDO BHF: -2.1%e). The scope effect came to 2.6% (ODDO BHF 1.0%e)By division in Q3: Energy & industry (...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.