Sabadell - APPLUS SERVICES S.A. (ASS) APPLUS: MENSAJES DE LA CONFERENCE CALL RDOS. 9MESES19 (ANÃLISIS BANCO SABADELL)

Report

Sabadell

Andres Bolumburu

EUR 50.00 For Business Accounts Only

APPLUS: MENSAJES DE LA CONFERENCE CALL RDOS. 9MESES'19 (ANÃLISIS BANCO SABADELL)

Adjuntamos los principales mensajes del conference call de Rdos:
ï‚§ Oil&Gas: La debilidad vista en este segmento (38% de las ventas) se debe principalmente a contratos de EE.UU. (representa el 25% de Energy&Industry) ligados a CAPEX (c.11% de las ventas de EE.UU. en Energy&Industry). Creen que el 4Tâ€™19 va a seguir siendo dÃ©bil (se une tambiÃ©n una difÃcil comparativa, con el 4Tâ€™18 creciendo un +11,5%) pero esperan que haya crecimiento en 1Sâ€™20. No creen que estÃ©n perdiendo cuota de mercado y aunque mantienen que las expectativas son positivas de cara al 2020, son mÃ¡s negativas que lo que veÃan hace 1 aÃ±o.
ï‚§ Working Capital: Esperan que el 4Tâ€™19 sea positivo y respecto a la buena evoluciÃ³n vista en los 9mesesâ€™19 afirman que no se debe a nada en especial.
ï‚§ Automotive: El 2020 se verÃ¡ afectado por la pÃ©rdida del contrato de Washington (7-8 M euros,

30/10/2019 3 ES

Underlying

APPLUS SERVICES S.A.

Applus Services SA is a Spain-based company that provides inspection, testing and quality assurance services. The Company's activities are divided into five segments: Applus+ RTD, which provides non-destructive testing services mainly to the oil industry; Applus+ Velosi-Norcontrol, which offers solutions for technical assistance, supervision, inspection, quality control testing, certification and consulting services mainly to industrial, electrical, oil and telecommunications facilities; Applus+ Laboratories, which focuses on laboratory testing, system certification and product development services within aerospace, industrial and consumer goods sectors, among others; Applus+ Automotive, which is responsible for the vehicle roadworthiness testing services, and Applus+ IDIADA, which delivers design, engineering, testing and certification services mainly to car manufacturers. The Company operates in Europe, Africa, Asia and the Americas.

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ES0105022000 Madrid Stock Exchange Spain

Provider

Sabadell

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Analysts

Andres Bolumburu

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APPLUS: MENSAJES DE LA CONFERENCE CALL RDOS. 9MESES'19 (ANÃLISIS BANCO SABADELL)