Cast : Limited drop in Q1 but caution is the watchword for the rest of the year
>Q1 2020 sales slightly better than expected at € 6.6m, down 3.5% y-o-y - Yesterday evening, Cast reported Q1 2020 revenues that were a shade higher than our forecasts. Sales came in at € 6.6m (vs ODDO BHF € 6.3m), i.e. an organic contraction of 3.5% y-o-y – forex effects were not significant over the period.Q1 showed some resilience, but this cannot be extrapolated - From the press release and a company contact, we note several points: The start...Cast is engaged in the design, publishing and distribution of computer software programs. Co. also offers IT consulting and technical assistance for professional information systems. Co. operates in France, U.S.A., Belgium, Spain, Italy, Switzerland, and Germany.
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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