Report
Nicolas Thorez

Aubay : Encouraging Q3 (acceleration in sequential terms), FY guidance reiterated

>Q3 revenue slightly better than expected at +4.3% y-o-y, accelerating sequentially - Aubay published yesterday evening Q3 revenue slightly above our expectations. Q3 sales came in at € 129.2m, with organic growth of 4.3% y-o-y (vs ODDO BHF € 128.6m, +3.8%e), confirming an acceleration sequentially (after Q1 at -1.7% y-o-y and Q2 at +0.1% y-o-y), notably thanks to i/ a favourable calendar effect (+2.7pt in our opinion), ii/ a positive price effect, and iii/ a gradual ...
Underlying
Aubay SA

Aubay SA is a France-based company engaged in the Information Technology (IT) industry. The Company designs architecture of information systems, develops and facilitates content management, designs and develops secured IT networks, offers consulting on telecommunication strategies, provides network engineering, handles engineering projects and outsourced research. It also develops projects and offers facilities management solutions, among others. The Company's products are sold to the sectors of defense, aeronautics, energy, banking, insurance telecommunications, as well as transport and rail sectors. It has developed two service centers: The Dedicated Service Centre includes the technical platform, the premises and all the resources that are dedicated to a single customer; the Pooled Services Centre, which covers the resources, tools and processes pooled for a group of customers. It has such subsidiaries as Aedian SA and Aubay SA, Norma 4 Servicios Informaticos SA, among others.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas Thorez

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