Groupe Gorgé : Marked drop in activity in H1
>H1 revenue down 20% at € 108m (vs € 117.6m est.) - Groupe Gorgé has reported H1 revenue below our expectations. It came in at € 108m, down 20% yoy against our forecast of -13%. The drop in revenue was especially marked in Q2, with a significant drop in the group’s three activities. The outlook for recovery remains positive for Q3 and Q4 (except for the ECA Aerospace unit). Prospects broadly positive for H2, although visibility remains fairly poor - T...Groupe Gorge is a holding company engaged in three areas of operation: Smart Safety Systems (develops Smart Safety Systems designed to operate in hostile and constrained environments for civil and defense sectors); Protection in Nuclear Environments (protection solutions in nuclear environments: shielding by partition systems in nuclear power stations & protection against radiation for staff working in nuclear environments); and Industrial Project Services (industrial projects and maintenance, creating production tools and turnkey operation areas, projects and services in industrial robotics, iron works, automation, 3D printer offerings, electricity and fire fighting systems).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.