Assystem : Satisfactory 2023 earnings, significant (one-off) dividend, positive outlook for 2024
>2023 earnings broadly in line on the bottom line (excluding one-offs) - Assystem reported 2023 earnings a shade above in terms of operating profit from activities, but broadly in line for the bottom line (excluding one-offs). After posting sales of € 577.5m, up sharply by 17% y-o-y of which +14.6% org, adjusted EBIT came to € 37.4m, 4% above our forecast (ODDO BHF: € 35.9m). Excluding the Pacific region, the latter was € 36.4m, in line with guidance (operating profit...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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