Report
Emira Sagaama ...
  • Matthias Desmarais

SGS : Margin improvement confirmed but it is already priced in

>Still-soft growth in H1 but the full-year trend will be better - Organic growth looks to have bottomed out in H2 2019, with 1.7% vs 3.5% in H1. The slowdown was expected, but the difficulties seen in H2 are likely to continue to impact H1 2020, particularly in the GIS segment (collection delays, unexpected regulatory changes in Ghana, delayed start-up on new programmes), in industry (withdrawal from contracts in H2 2019), and transportation (difficulties in vehicle ...
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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