Assystem : Mixed bag of H1 2024 results (bottom-line still hurt by Expleo) but equity story not really affected. Full-year guidance confirmed
>Contrasting H1 results: right in line at the adjusted EBIT level, disappointment on the bottom line due to negative contribution from Expleo notably - Assystem, having posted H1 revenues in July of € 301.3m (+5.8% org. y-o-y), yesterday unveiled results in line for adjusted operating profit but short of forecasts on the bottom line due to Expleo. In detail, adjusted EBIT came in 18% higher y-o-y at € 18.5m, right in line with our expectations (ODDO BHF: € 18.3m), an ...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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