Cegedim : Whilst the bottom line hits breakeven, underlying operating profit erodes
>Erosion of underlying operating profit due to the increase in D&A – Cash generation still weak - For sales (already published) growth of 6% (+4.6% org.), EBITDA was € 52.2m, i.e. a slight 20bp improvement in the margin to 16.4% thanks to good control of opex. However, following the increase in capitalised R&D, underlying operating profit was € 10.3m (underlying operating margin – 40bp to 3.2%) with: Software & services (48% of H1 sales): An improvement in under...Cegedim is a technology and services company. Co. supplies services, IT tools, specialized software, information flow and database management services to healthcare industries, pharmaceutical companies, healthcare professionals and insurance companies. Co.'s operations can be divided into three sectors: CRM and Strategic Data (optimizing marketing and sales strategies, namely through tools and databases for managing sales forces, returns on investment, market or prescriber studies); Healthcare Professionals (software publishing with availability of promotional information) and Insurance and Services (software publishing and management of healthcare reimbursement flows).
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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