Assystem : H1 2019 results in line, the momentum is still robust
>H1 2019 results in line, except for Expleo (no growth) - Assystem's H1 2019 earnings, reported last Thursday, were in line with expectations. Adjusted EBIT came in at € 15.6m, up 70% y-o-y (on a low H1 2018 base), ahead of our expectations (€ 14.8m). This gives a margin of 6.3%, up 2.0 pt y-o-y and 30bp ahead of our forecasts. IFRS EBIT was in line with our expectations at € 14.1m and net income was € 14.3m, just below our forecasts (€ 15.3m) and well ahead of H1 201...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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