SGS : S1 2020 : impact supérieur sur le CA mais bonne résistance de la marge
>CA inférieur, marge résilientes, drop-through inférieur aux attentes. - SGS publie ce matin un CA et des résultats S1 contrastés. Précisons que nos attentes étaient légèrement supérieures à celles du consensus.Tout d’abord le CA ressort à 2.65 MdCHF, en décroissance de 20.7% (dont -10.4% org). Ce chiffre est un peu inférieur à nos attentes (2.80 MdCHF, -16.2% dont -8.7%org) et à celles du consensus (2.76 MdCHF, -17.5% dont -9.7% org). Outre l’écart de croissance...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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