Assystem : The upturn in activity in H2 appears to be firming up
>H1 results lower than our forecasts... - For the scope of consolidated activities, sales (already published in July) came in at € 216m, up 5.7% y-o-y (of which +0.8% organic). Adjusted EBIT was € 9.2m (Oddo BHF Securities: € 10.1m) i.e. 4.3% of sales vs € 12.0m and 5.9% of sales in H1 2017. Net profit was € 7.1m (Oddo BHF Securities € 10.7m), impacted to the tune of around € 5m by integration costs linked to the acquisition of SQS by ATG. FCF was a shade better than ...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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