Assystem : Full-year revenue guidance raised
>Q2 slightly lower than we expected, still driven by nuclear - Yesterday evening after market, Assystem published Q2 2019 sales of € 120.7m, up 11.5% y-o-y on a reported basis. Organic growth was 10.8%, lower than we expected (+14.7% organic) and showed a slowdown after 15.9% in Q1. However, the main division, energy & infrastructure, continues to show a positive trend with revenues of € 107.7m and organic growth of 13.6%, though growth slowed (Q1 19: 18.3% organic). ...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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