The soft pushed up revenue, while the transition continues to impact profitability
Following the integration of the group’s annual results, the FY18 EPS has been slightly pushed down. The transition from a hardware provider to a software developer continues to weigh negatively…
A commercial success
Crossject announced the signature of a commercial agreement on Midazolam with German Desitin. The agreement mainly includes the licensing, distribution and promotion, for up to 10 years after the commercial…
Positive outlook, moving forward in new energies
One of the key takeaways of the strategy update is in New Energies, where Dietswell reported being contacted by several companies interested in bidding on the upcoming commercial tenders. By…
Marseille plant now coming on stream in 2020
We have adjusted our EPS estimates based on the expected entry into operation of the Marseille plant in early 2020 versus our assumption of late 2019. Lower expected revenues due…
2018 : plus-values et frustrations hollandaises
Bourrelier Group aura finalisé en 2018 la cession de ses activités historiques. €235m sont potentiellement à redéployer. L’activité de distribution au Bénélux ne consomme pas de trésorerie mais de la…
A new reference shareholder?
Europlasma on 04/06 indicated that a would-be financial partner had submitted a “continuation” plan to the French courts with a court decision about this offer expected by the end of…
Successful acquired growth offsets organic slowdown
Q1 19 revenues dominated by high comps and successful acquisitions Consolidated revenue topped €161.2m in Q1 19, +11.3% in gross terms and -4.6% lfl. Renegotiation of the Euro PP notes…
Audit & inspection division as strong growth driver
The audit & inspection division (i.e. Factorig) is driving the performance of the group with offshore drilling restarting. Note that the activity picked up in Q4 18 (revenue was up…
SFPI disappoints in 2018 but prepares its future
SFPI 2018 earnings fell short of expectations. The key highlight of FY18 is that SFPI Group sought to simplify its structure in mid-2018 by submitting a simplified tender offer (OPAS)…
A clearer roadmap ahead
EPS estimates for 2019 were revised downwards according to the company’s guidance. Meanwhile, 2020 EPS saw a considerable reduction given: 1) the later-than-expected entry into operation of the Antwerp refining…