ECA : H1 in line - simplified tender on 10% of the capital and merger project with Group Gorgé triggered
>H1 results in line - ECA's interim results were in line with our expectations. With H1 sales down 25% y-o-y, EBITDA came in at € 5.3m (vs € 5.5m est.), i.e. a margin of 12.2% -5.5 points). The bulk of the H1 margin stemmed from the robotics division (€ 5.3m), whereas the aerospace activity barely made breakeven at the EBITDA level (€ 0.3m) due to the sharp reduction in activity since the COVID crisis. EBIT was -€ 0.9m after booking € 1.7m in asset impairments on its ...ECA Sa. ECA SA is a France-based company which designs and delivers robotic equipment and intelligent solutions for both civil and military application. The Company offers vehicles and crafts for detection, inspection and destruction of mines, inspection systems for nuclear power plants, control and command systems, as well as ground and land robots for anti-terrorist missions and others. ECA SA is split into three divisions: Robotics and Integrated Systems, Simulation and Aeronautics. The Company has several subsidiaries, including, ECA CSIP, ECA CNAI, ECA Faros and ECA Sindel, among others. As of December 31, 2011, ECA SA was 56.4%-owned by Groupe Gorge.
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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