ECA : Q2 sales well below expectations - better commercial prospects for H2 in Robotics
>Robotics and Aerospace fell sharply in Q2: two different interpretations - ECA reported Q2 sales sharply down: -43% to € 20.5m (vs € 27.8me), In H1, earnings stood at € 43.1m (vs € 50.5me), down 25%. Based on the press release and following a contact with the company, our takeaways are as follows:The robotics division (76% sales in Q2) dropped by 37% in Q2 while we were expecting “only†-18%. In addition to a challenging base effect (+67% in Q2 19 ( >30% of FY s...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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