SQLI : Unsurprising drop in Q2, poor visibility in 2020 but reassuring message on margins
>Q2 sales of € 51.3m (-16%; -20% org.), despite the good resilience of C&X - SQLI yesterday evening reported H1 2020 sales of € 110.3m, down by 10.3% y-o-y in reported data and -13.3% in organic terms. These figures imply a sharp drop in Q2 2020 to € 51.3m, down 16% y/y (vs ODDO BHF -22%) and organic growth of -20% over the quarter (contribution of € 1.7m from Redbox Digital in Q2 and excluding the currency effect for 1pt). As expected, this deterioration should be co...SQLI SA is a France-based company that specializes in the design and creation of Information Technology (IT) systems. The Company specializes in implementing information systems based on new technologies. It operates in Business Information Systems sector, Digital Enterprise sector, E-commerce division, Communication and Organisation and management divisions. SQLI SA works with its clients from the consulting stage, through the design and installation processes, to the training and monitoring phase. The Company operates a network of offices in France, Benelux, Switzerland, Morocco and Canada, among others. It operates through brands: Wax Interactive and SQLI Enterprise. The Company has such subsidiaries as LSF Interactive, digital agency of marketing and communication, InventCommerce Ltd, a London-based Internet service provider and Star Republic, among others.
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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