Report
Jean-François Granjon

Seche Environnement : Upgrade of 6-9% to our 2022-23 EBIT estimates – still in our Midcaps Convictions List for H2 2022 – target price raised to € 100 (vs € 95)

>Continuing solid momentum at the start of the year - The year got off to a particularly good start, with organic growth +13.7% including +6.9% for the France scope and +29.5% for international operations. The group has benefited from spot contracts for pollution removal and services (for € 9m), but the structural trend remains robust. In France, the group is seeing a robust showing in industrial markets and benefiting from the implementation of regulations relating t...
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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