Report

SES : Bon T2, augurant d’un bon S2. Mais prudence sur la Vidéo à moyen terme

>T2 particulièrement solide - CA 2.4% au-dessus des attentes. Le CA du T2 2018 ressort en baisse de 0.5% à périmètre et tcc (vs -4.9% au T1). Le CA Vidéo est en recul moins prononcé au T2 (-1% vs -3.6% au T1), avec une stabilité en Europe, mais un marché difficile aux US et dans les émergents. Le CA Réseaux accélère sa croissance (12.7% au T2 vs +8.5% au T1), avec une croissance toujours soutenue en Mobility (30% yoy) et surtout une accélération de la croissance en Go...
Underlying
Warehouses Estates Belgium S.C.A.

Warehouses Estates Belgium SCA is a Belgium-based real estate investment trust, mutual fund. It mainly invests in commercial, office, semi-industrial and industrial buildings. The Company has rental agreements with public administrations, international and national companies. Warehouses Estates Belgium SCA has a property portfolio in Anderlues, Berchem, Binche, Charteroi, Couillet, Courcelles, Eupen, Fleurus, Gosselies, Jumet, Leuze, Lodelinsart, Marchienne-au-Pont, Nalinnes and Naninne, Jette and Ypres. The Company's tenants are Media Markt, Cedicora, Rackstore, Tractebel Engineering, Forever Products, Michelin Belux, Intercarrelages, Eupener Karting, Tercel Oilfield Products Belgium and Hainaut Caravaning Center, among others.

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.

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