Report
Jean-François Granjon

Seche Environnement : Growth and resilience – conviction confirmed – new target price of € 103 (vs € 100) – stock in our Midcaps Convictions List

>Performance above expectations in H1 - The group’s H1 2022 performances were impressive and ahead of expectations. This is all the more remarkable in that the comparison base was also high quality. It boasts a lasting and structural capacity to improve performances. We note excellent organic momentum (+14.2%), evenly spread between the two quarters. The group nonetheless benefited from spot contracts for pollution removal and environmental emergency services for € 25...
Underlying
SECHE ENVIRONNEMENT

Seche Environnement offers environmental management solutions for industrial clients or local authorities. Co. operates waste treatment and recovery facilities and develops tools to produce energy from waste. Co. also collects and sorts all types of waste, whether household or industrial, hazardous or non-hazardous. For local authorities, Co. manages household waste and other environmental concerns. Co. is engaged in thermal treatment, storage, methanization of household waste and production of alternative fuels. For industrial clients, Co. has developed products and services for handling industrial waste from waste production sites to elimination facilities.

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
Jean-François Granjon

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