Spie : SPIE reassures on its cash generation, but the bond valuation is now demanding
Publication date 01/02/2019 07:53 - Writing date 01/02/2019 07:53 - Equity data - Reco : Buy - Target : 20.50 EUR - Equity analyst: Christophe Chaput - - +33 (0)4 72 68 27 03 - ESG analyst: XXX - Corporate Governance: Opportunity (2) - / - / - - - - - Net leverage at SPIE peaked at 3.5x at the end of 2017, forced up by a contraction in EBITA margin, the SAG acquisition and restructuring/integration costs. We are reassured about the group's deleveraging trajectory...Spie is a provider of electrical engineering and IT services and an infrastructure and building contractor. Co. helps to design, finance, manage and implement an array of projects ranging from high-speed TGV and conventional rail lines to metros and light rail systems. In addition, Co. offers telecom and information network services. Through the Commercial Segment, Co. is engaged in construction and renovation projects. Co. also offers wired building services as well as multi-disciplinary industrial maintenance and facilities management solutions.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.