Report
Aurelien Sivignon

Exail Technologies : Strong commercial intensity caps leverage on margins in the short term

>2023 earnings impacted by ongoing tender bids, but the deleveraging trajectory has certainly begun - Exail Technologies reported yesterday evening its 2023 earnings. For sales already reported showing a 16% increase at € 323m, EBITDA totalled € 65.1m (vs € 69.1m est.), reflecting a 20.2% margin down 1.6 points compared to pro forma N-1. Although the H2 commercial momentum was very strong, in particular in Q4, the many tender bids underway cap the leverage on margi...
Underlying
Groupe Gorge SA

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).

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

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