Implenia AG : H2 set to be a better vintage
>H1 EBIT margin stable at 2.9%, ahead of expectations - Implenia this morning reported higher revenues, at CHF 1.741bn (+2.7% l-f-l and +1.2% in real terms), ahead of our expectations (CHF 1.689bn) and in line with the company-compiled consensus (CHF 1.74bn). EBIT came in higher at CHF 50m, or a stable margin of 2.9%, ahead of forecasts (ODDO 2.7% and consensus 2.8%). The expected contraction in EBIT for the Real Estate division to CHF 7m (consistent with our exp...Implenia is a construction and construction services company. With its integrated business model and comprehensive portfolio of products and services, Co. manages building projects through its entire lifecycle and deliver work that is economical, sustainable, integrated and customer-centric. Co. is divided in three specialist divisions including Implenia Real Estate, Implenia Infrastructure Construction, and Implenia Industrial Construction. Co. has approximately 100 branches throughout Switzerland, as well as representative offices in Norway, Germany, France, Italy, Russia and the United Arab Emirates.
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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