Report
Eya Drira ...
  • Geoffroy Michalet

SGS : H1 preview – Currencies will weigh on the margin in H1 – The effects of the new management’s initiatives will be more visible in H2

>Resilient organic growth but fall in the margin in H1 - SGS will report its H1 results on Wednesday 24 July before trading. We expect them to show a continuation of the top line trend seen in Q1. For Q2, we leave our organic growth estimate unchanged at 7.6%e, i.e. 7.4% in H1. We expect an FX effect of -4.4%e in Q2, i.e. -6.5%e in H1 and -3.6%e over the full year. Growth should be driven mainly by the Industry&Environment (33% of revenues) and Natural reso...
Underlying
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
Eya Drira

Geoffroy Michalet

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