Report
Geoffroy Michalet ...
  • Matthias Desmarais

Applus Service SA : T1 2021, toujours pénalisé par le COVID, recommandation et OC inchangés

>T1 2021 Toujours pénalisé malgré une amélioration séquentielle - Le CA T1 est ressorti légèrement en dessous des attentes à 402 M€ (CSS 404 M€) en recul de 3.5%. La croissance organique ressort à -6.8% (vs. +-5.8%e CSS et -7.2% au T4 20. L’effet FX est de l’ordre de -3.9% et quant à l’effet Scope ressort à +7.2%.La division Energy & Industry (50% du CA) -14.8% en org au T1), toujours fortement pénalisée par l’exposition O&G. Notons également la baisse séquentie...
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
Geoffroy Michalet

Matthias Desmarais

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