Assystem : Mixed Q3 publication. FY 2024 profit warning
>Disappointing Q3 sales at € 144.1m, up 3.8% org. (-5% below our expectations) - After trading yesterday, Assystem reported Q3 sales of € 144.1m (vs ODDO BHF € 151m), up 3.5% y/y in reported terms and 5% below our initial forecast. Adjusted for scope effects and forex, organic growth came in at 3.8% y/y or a clear slowdown relative to Q2 (+6.2% org). The difference with our figures stemmed above all from the international segment (-0.4% org. in Q3 vs +12.4% org in Q2...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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