Devoteam : Satisfactory 2018 results and high growth guidance for 2019
>Slowdown in organic growth in Q4, as expected - In Q4, the group generated revenues of € 191m, beating forecasts (consensus and Oddo BHF at € 187m) thanks to the contribution from acquisitions. Organic growth came to 12.8%, generally in line with expectations (Oddo BHF 13.7%), showing a slowdown, as expected, after growth of 19.5% in the first nine months. The group moreover chose to deconsolidate its telecoms business in Germany, Siticom (€ 18m in revenues), without...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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