Report
Maxime Kogge

OHL : Deeper and deeper

OHL's Q2 results were another disappointment. Despite de-risking efforts undertaken over the past three years, the group is still unable to stabilise its results and continues to burn cash at a rapid pace. Legacy projects keep delivering bad surprises as is the case with the Montréal hospital this quarter, a project that has just entered service. Meanwhile, results from the supposedly healthier refocused construction activity continue to be affected by delays and profitability re...
Underlying
Obrascon Huarte Lain SA

Obrascon Huarte Lain is an international concession and construction groups based in Spain. Co. maintains significant operations in 30 countries across all five continents. Co. is engaged in hospital and railway construction, transport infrastructure concessions, oil and gas, energy, solids handling and fire protection systems and international contracts. Co.'s operations are organized along four divisions: OHL Concesiones, OHL Construccion, OHL Industrial y OHL Desarrollos. Co. is also engaged in real state project developments of mixed use managed by the international hotel chains.

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
Maxime Kogge

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