Report
Konrad Zomer

Brunel : Feedback from CMD

>Better prepared to benefit from upturn - Brunel hosted its first ever CMD on 31 March, which was well organised. The company seems better prepared to benefit from an upcoming recovery than in the past. Partly because its much leaner (opex was reduced by 15% in 2020), and partly because of business mix. Exposure to its top 10 clients is now 27% of revenues (53% in 2015) and oil majors only represent 10% of revenues (26% in 2015). Brunel operates from one global IT pla...
Underlying
Brunel International N.V.

Accrued employee expensesBrunel is a global provider of business services that specializes in the flexible placement of professionals in the fields of Engineering, IT, Legal, Finance, Insurance & Banking and Energy. Co. provides such specialists through a range of staffing, project management, recruitment and consultancy services. Co. serves the world market for professional staffing and recruitment services from two main perspectives. On the one hand, Co. aims its services at specific supra-regional business lines. On the other hand, Co. focuses on specific countries such as The Netherlands, Germany, Belgium and Canada.

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
Konrad Zomer

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