Seche Environnement : Integration of ECO ultimately set to be accretive
>Interim results show a downturn as the start of the year was under pressure - Séché Environnement reported interim results below our expectations. Based on contributed sales of € 505.1bn (€ 501m est.) cs € 491.6m y-o-y, EBITDA posted a decline of 13.3% and 15.5% organic. The organic sales decline reflects an improvement in Q2 vs Q1 (-7.4% for a half-year decline of -4.6%). The EBITDA decline and the 320bp margin contract can be explained by an ‘energy’ effect with pr...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.
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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