Report
Nicolas Thorez

Aubay : Interim results in line with expectations Full-year guidance confirmed

>Interim results in line with our forecasts. Decline in adjusted EBIT, good level of FCF - Aubay has published H1 2024 results in line with our forecasts. For H1 revenue (already published) of € 272.3m (-0.9% y-o-y, of which +0.1% in Q2), adjusted EBIT was down -9.6% y-o-y to € 22.1m, in line with our initial forecast (vs ODDO BHF of € 22.0m). This reveals an adjusted operating margin of 8.1% (excluding free share allocations), down -80bp y-o-y (vs ODDO BHF 8.0%). Not...
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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