SGS : H1 2020 postviews: some additional information
>Sales: no indication for the full year - While H1 sales came out below our estimates and those of the consensus, the group provided no indication on potential full-year revenue. We have only slightly changed our forecasts for H2. Margin: a strong performance in H1 to be transformed in H2 - The good performance of H1 (drop-through of 23% (26% cc) vs ODDO BHF 25%e and css 29%e) was put into perspective by management which specified three elements. 1/ F...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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