SGS : Grieving for 2019 at an end, but expected improvement in 2020 priced in
>Slower growth and little support for margins in H2 2019 - Organic growth in H2 2019 should approach historic lows, with a deceleration we now expect to +1.8% (vs previous estimate of 2.9% and +3.5% in H1), giving 2.6% over the full year. The reasons are the ongoing underperformance from the transportation business, the withdrawal from contracts in industry and the still unfavourable momentum in GIS - points that are specific to SGS. This should be compounded by the n...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).
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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