Report
Emira Sagaama ...
  • Matthias Desmarais

SGS : Le deuil de 2019 est fait, mais le pari sur 2020 est dans le cours

>Croissance ralentie et peu de soutien pour la marge au S2 2019 - La croissance organique au S2 2019 devrait approcher les plus bas historiques, avec une décélération et atteindre désormais, selon nous, 1.8%e (vs 2.9% auparavant et 3.5% au S1) menant à 2.6% sur l’année. En cause la poursuite de la sous-performance en Transportation, la sortie de contrats en Industrie et une dynamique toujours défavorable en GIS, des éléments spécifiques à SGS. A cela devrait s’ajouter...
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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