Devoteam : Q1 broadly in line and full-year guidance confirmed
>Q1 organic growth broadly in line. Germany still under pressure - Devoteam's Q1 2019 sales, reported yesterday evening, just missed our expectations at € 189m, with organic growth of 11.7% y-o-y (ODDO BHF € 190m and 12.4% in organic terms), but we were at the top of the consensus. Adjusted for an estimated negative calendar effect of 70bp, the group’s economic growth nonetheless came in at 12.4%, in line with Q4 2018 (12.3%). France continued to normalise in Q1...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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