Report
Nicolas Thorez

Visiativ : Gloomy Q3, FY performance heavily dependent on Q4

>Q3 2020 at € 36.1m, down 14% YoY, missing expectations - Visiativ reported yesterday evening Q3 below our expectations and consensus. Revenue stood at € 36.1m, down 14% on a reported basis (-15% organically), while we were expecting a much smaller decline of 3%. Trends remained quite mixed across divisions: DSY activities hit a low point with revenue down 21% organically, while Visiativ's own activities (Moovapps, Consulting, Managed Services) held up relatively well...
Underlying
Visiativ SA

Visiativ SA. Visiativ SA is a France-based company engaged in the information technology (IT) consulting and other services. The Company offers integration services for various enterprises, active in the fields of industry, retail and services. Its portfolio of solutions includes Aeronautics & Defense, Consumers goods, Industrial equipment, Transport & mobility, Life sciences, High technologies, Finance & services and Engineering & construction, among others. Visiativ SA operates through NC2 Network Computer Communication SASU (NC2), a Tour De Salvagny-based provider of data processing and hosting services and Solo Solution Autonome SAS, a Guilherand-Granges-based provider of computer systems design services.

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
Nicolas Thorez

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