Assystem : Rebound materialised and attractive valuation. Buy reiterated
>Greater-than-expected rebound in Q3 sales driven by nuclear business - Yesterday evening after market, Assystem reported Q3 2018 sales of € 107m on the consolidated scope of business (E&I and staffing), up 20.3% y-o-y of which +13.4% organic (scope effect of 7.4% and forex effect of -0.5%). Economic growth (at a constant number of trading days) came in at 11.7%, showing a very sharp acceleration compared with Q2 (c. +1.6%) thanks to the nuclear business (+20.6% organ...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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