Assystem : 2020 less dynamic, but Assystem looks relatively resilient in our view
>2019 results broadly in line, apart from at the net level after an impairment - The group had already reported full-year sales reflecting organic growth of 10%. Adjusted EBIT was € 35.2m, a shade above expectations (consensus: € 34.1m; ODDO BHF: € 34.8m). This gives a margin of 7.1%, up 1.1 pt y-o-y and 10bp ahead of our forecasts. 6.9%; ODDO BHF: 7.0%). Attributable net profit totalled € 27.0m, below expectations (consensus € 34.0m, ODDO BHF: € 35.6m) mainly due to ...Assystem SA is a France-based company that is principally engaged in engineering and innovation consultancy. The Company offers solutions within a number of sectors, such as Aerospace, Defence, Energy, Nuclear, Life Sciences, Infrastructure, Automotive and Transport. The Company develops the infrastructural engineering and externalized R&D services. It's activities include managing infrastructural investments, from conception to dismantling; aerospace mechanical engineering, providing technical services to aerospace, engine and automotive manufacturers and technology & product engineering, providing services in transport, defense, product hardware and software development. The Company is present Europe, North America and Asia. The main shareholder of the Company is HDL Developpement SAS. It operates through Onyx Promavi, Batir Group, Edison Technical Recruitment Ltd, Radicon Gulf Consult, Engineering Partner Automotive Nordic AB and The Biotech Quality Group, among others.
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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