Groupe Open : T1 in line, but the cataclysmic scenario seems inevitable in 2020, Recommendation cut to Reduce from Neutral
>Q1 2020 revenue in line with our expectations, down3.2% YOY - Groupe Open reported yesterday evening Q1 2020 revenue broadly in line with our forecasts. Revenue totalled € 78.5m (vs ODDO BHF estimate: € 78.2m), down 3.2% YOY. Economic growth (adjusted for the calendar effect, +1 working day over the period) is in our view close to -4.8% YOY over the quarter.Heavier than expected impacts over the next few quarters - From the press release and a compa...Groupe Open distributes and installs computer servers. Co. also provides associated computer technology services such as web integration and design, production and implementation of interactive information systems for companies.
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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