Seche Environnement : No surprises in the publication - Full-year targets confirmed
>Interim earnings fully in line - The interim earnings publication was perfectly in line with our forecasts. The group already published its interim sales (see our comment of 29 July 2020) reflecting a decline of 5.1%, i.e. 8.0% on an organic basis. On this basis, EBITDA was € 53.8m (€ 54m estimated) vs € 63.6m, down 15.4%, i.e. an EBITDA margin of 17.2% (-210bp). Underlying operating profit came in at € 13.0m (€ 9.0m estimated) vs € 22.1m (-41%), i.e. an underlying o...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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