Report
Nicolas Thorez

Aubay : Résultats S1 en ligne avec les attentes. Guidances annuelles réitérées

>Résultats S1 en ligne avec nos attentes. Baisse du ROA, bon niveau de FCF - Aubay a publié des résultats S1 2024 conformes à nos attentes. Pour un CA S1 (déjà publié) de 272.3 M€ (-0.9% y/y dont +0.1% au T2), l’EBIT ajusté (ROA) ressort en baisse de -9.6% y/y à 22.1 M€, en ligne avec notre attente initiale (vs ODDO BHF 22.0 M€). Ceci fait ressortir une MOA de 8.1% (hors AGA), en retrait de -80 pb y/y (vs ODDO BHF 8.0%). A noter que l’érosion de la rentabilité (qui ét...
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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