Brunel : Off to a good start
>This year has started well - In Q1 2021, Brunel reported EBIT of € 10.7m, comfortably beating our forecast of € 8.2m and clearly ahead of its own guidance of around € 8m. DACH and the Netherlands, together almost 75% of group EBIT, both performed better than we had expected. Operating expenses were down € 8m yoy and we believe the severe opex cuts that were made in 2020 (-15%) should continue to support profitability in the next three quarters. Seasonali...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.
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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