Spie : Sharp leverage improvement expected in 2021
We organised a videoconference roadshow with SPIE's investor relations team on 10 December. We are reassured by the resilience of the group's operating performance outside the context of strict lockdown (limited to certain countries in Q2 2020), its ability to generate solid FCF (over € 200m annually in recent years, Oddo BHF forecast of € 148m in 2020 estimated), and by the prospect of a marked improvement in net leverage in 2021 after a temporary deterioration in 2020 (Oddo BHF...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.