Report
Emira Sagaama ...
  • Matthias Desmarais

SGS : Amélioration de la marge validée mais déjà dans le cours

>Croissance encore faible au S1 mais l’année sera meilleure - Le S2 2019 aura marqué le point bas de la croissance organique, avec 1.7% vs 3.5% au S1. Le ralentissement était attendu, mais les difficultés du S2 devraient continuer à impacter le S1 2020, notamment en GIS (délais de paiement, changements réglementaires imprévus au Ghana, délais de démarrage des nouveaux programmes), Industrie (sortie de contrats au S2 2019), Transportation (difficultés dans l’inspection...
Underlying
SGS SA

SGS is engaged in the provision of inspection, verification, testing, certification and quality assurance services. Co.'s business lines include: Agricultural; Minerals; Oil, Gas & Chemicals; Life Science; Consumer Testing; Systems & Services Certification; Industrial; Environmental; Automotive; and Governments & Institutions. As of Dec 31 2014, Co.'s geographic operations were organized as follows: Europe, Africa, Middle East (Western Europe, Northern and Central Europe, Southern Central Europe, Eastern Europe & Middle East, and Africa); Americas (North America, and South America); and Asia Pacific (East Asia, China & Hong Kong, and South Eastern Asia & Pacific).

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
Emira Sagaama

Matthias Desmarais

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