Report
Pierre François Merveille

Spie : Nette amélioration du levier attendue en 2021

Nous avons organisé un roadshow en visioconférence avec l’équipe Relations investisseurs de SPIE le 10 décembre. Nous sommes confortés sur la résilience de la performance opérationnelle du groupe hors contexte de confinement strict (limité à certains pays au T2 2020), sa capacité à générer un FCF solide (supérieur à 200 m EUR par an ces dernières années, prévision Oddo BHF de 148 m EUR en 2020e), et la perspective d’une amélioration franche du levier net en 2021 après une dégrada...
Underlying
SPIE SA

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.

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
Pierre François Merveille

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Matthias Desmarais
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