Report
Aurelien Sivignon ...
  • Yan Derocles

Exosens : Leadership in niche markets with exposure to the defence supercycle

As a manufacturer of high value-added electro-optical components, including image intensifier tubes for night vision goggles, Exosens enjoys favourable exposure to the defence supercycle, while benefiting from sustainable growth prospects in its niche civil markets. We find Exosens’s business model attractive, particularly its exposure to defence (2/3 of sales), its technological, industrial and commercial leadership, and its superior profitability (adjusted EBIT margin 24.5%). W...
Underlying
Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Aurelien Sivignon

Yan Derocles

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