Devoteam : Challenging context in the short term ahead of a recovery expected in Q4
>Q1 organic growth in line with our expectations (+8.9% org. vs +9.4%e) - Devoteam reported Q1 2020 sales of € 207m, with organic growth of 8.9%, in line with our expectations (ODDO BHF: € 207.3m; +9.4%). Excluding calendar effects, economic growth came to +7.4%, or a sequential slowdown of 2 points. The growth trends by region (see p.2) are unchanged compared to Q4, with growth continuing to be driven by international markets (+26% org.), Iberia & Latam (+17%) and no...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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