Ordina : Preview H1 2021: raising estimates in anticipation of firm rebound in IT services
>Preview Q2 2021 results due 29 July - For Q2 2021, we forecast € 95.2m in sales, implying 3.8% organic growth y-o-y, following 4.2% organic growth in Q1 2021. We expect the public sector to be the largest contributor to growth, with sales c.7% above Q2 2020, as customer IT budgets are gradually being unlocked. Profitability metrics are likely to shine again. Our Q2 2021 EBITDA margin forecast of 13.0% implies a slight sequential deceleration. However, this is still w...Ordina offers Consulting, IT and Application Outsourcing services. Co. is organized in the IT Services and Business Process Outsourcing segments. The IT Services segment performs activities relating to business consulting, system development and integration, and application management and maintenance. Within the Business Process Outsourcing segment, Co. assumes full responsibility for backoffices (i.e. business processes and IT) of clients operating in the banking and insurance sectors. It was decided, in the second half of 2008, not to continue the BPO activities under Co.'s umbrella on a permanent basis.
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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