Devoteam : 2020 results better than expected, an encouraging year-end to 2021
>Q4 organic growth stronger than expected and improved indicators - After trading, Devoteam published Q4 revenue of € 198m, an organic decline of -4.9% (including an extra working day), beating both our estimates (ODDO BHF -7.3%) and the company’s indications in Q3. Sequentially, we noted a very slight deterioration in organic growth, which stood at Q3 in -4.5%. Per region (see page 2), we observed that the gradual recovery in France, noticeable in Q3, was confirmed ...Devoteam is an Information and Communication Technologies (ICT) consulting group. Co. specializes in technologies of IT infrastructures, middleware and telecommunication networks. Co. covers the technical, organizational and financial aspects of its clients' projects. It is subdivided into two business line segments. The Technology Consulting segment handles the design and implementation of solutions. This segment operates in three areas: expertise, systems integration and outsourcing under the DVO and DVS brands. The Business Consulting segment can be defined as the provision of skills to companies and organizations, under the Devoteam Consulting brand.
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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