Assystem : Confidence renewed in the outlook for Assystem - Neutral rating maintained pending clearer visibility on the recovery trajectory for Expleo
>2020 results broadly in line with expectations - For sales already published of € 471.7m, down 5.5% y-o-y on an organic basis, EBITA came to € 24.8m, i.e. an EBITA margin of 5.3% (-180bp y-o-y), in line with our estimates and the company’s guidance (between 5.2% and 5.3%). The net result was -€ 22m, including restructuring costs at the Belfort site and the share of Expleo’s net income, close to the forecast -€ 45.2m. With FCF temporarily inflated by deferred costs, a...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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