Report
Emira Sagaama ...
  • Matthias Desmarais

SGS : Preview S1 2019: croissance ralentie et peu de levier sur la marge

>Ralentissement de la croissance organique au S1 2019 - Nous réduisons notre attente de croissance organique à 3.7%e sur l’année vs 4.3% auparavant en amont des résultats S1 (18/07). Le S1 devrait refléter un ralentissement plus marqué qu’initialement prévu à 3.3%e (vs 4%e auparavant), à comparer avec 4.9% au S2 2018 et 5.3% sur l’année 2018. En cause une croissance toujours faible en Agri, Food & Life (AFL – 16% du CA 2018), une base de comparaison difficile dans les...
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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