Report
Chaima Ferrandon ...
  • Sven Edelfelt
  • Youssef Besbes

Implenia AG : The Swiss army knife of construction

Implenia, the Swiss leader in construction/real estate services, harbours margin recovery potential that has already begun to bear fruit and the best is yet to come in our view. We factor in the group's margin target of 4.5% in 2027e, but this could be achieved ahead of schedule thanks to accretive local acquisitions. while at the same time rounding out the offering for clients. Implenia should therefore be able to restore a stronger dividend payout (CHF 1.0 versus the consensus ...
Underlying
Implenia AG

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.

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
Chaima Ferrandon

Sven Edelfelt

Youssef Besbes

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