Report
Aurelien Sivignon

Arcure : Full-year earnings and cash in line / marked impact of COVID-19 on the order intake. Neutral vs Buy

>2019 operating result at -€ 1.9m (vs -€ 2.1m est.) / cash at € 6.5m (€ 6m est.) - Yesterday evening, Arcure published its 2019 annual results, which were broadly in with our forecasts, and even slightly higher for the bottom line. From the press release and ahead of this morning’s conference call, we note the following main takeaways:Note that Arcure had already published its 2019 sales: € 7.6m +2% y-o-y. While H1 was negative (challenging base of comparison + I...
Underlying
Arcure SA

Arcure SA is a France-based company specialized in the technology sector. The Company develops a range of solutions for enhancing the autonomy of industrial machinery. Arcure SA serves companies operating within construction, transport, tunnels or urban cleanup, logistics and the mining sector. Its portfolio includes two main products: Blaxtair and Omega. Blaxtair offers solutions for securing the perimeter around mobile industrial machinery and robots by preventing collision in working environments. Omega is an advanced stereoscopic camera calculating the disparity map by providing metadata to the user. Additionally, thanks to its two sensors, Omega provides the disparity map and raw images at 20 frames per seconds. Apart from France, the Company also operates in a number of countries, which includes Japan, Chile and England, among others.

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
Aurelien Sivignon

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