Decline in revenue as expected in Q3 18
The decrease in revenue by -1.2% on a constant perimeter was broadly in line with expectation; note last year’s high comparative (+3% on constant scope in Q3 17). Software editing…
On time delivery, cont’d
Forget the quarterly swings to sequential growth, Chargeurs is delivering on its promise of focused, profitable growth. Chargeurs released Q3 top line like-for-like growth of 1%, a slowdown on previous…
Still in transition
The group continues its transition phase, which leads to increasing revenue, but operating profitability is currently weak due to significant cost increases. Following the 9m FY18 results, we will slightly…
A solution provider to the energy industry
We initiate coverage of Dietswell: the company is an engineering contractor to the oil, gas and energy sectors. It is an asset-light company with technical knowledge that provides solutions to…
1er semestre sans surprise
Les résultats du 1er semestre de Bourrelier Group dans sa nouvelle définition confirment une modeste croissance de la distribution au Benelux et un actif “cash” à investir. Bourrelier Group a…
Bond conversion
Crossject has announced that Gemme Venture, the company’s main shareholder, had converted 100% of the convertible bonds (869,565) it had subscribed to in July, at a price of €1.4892, thus…
Good margin achievement
The strong EBITDA margin (21.1% of revenue) resulted from revenue growth, management of subcontracting, the transformation to the SaaS mode and also no restructuring costs, all offsetting the surge in…
Strong momentum remains, in both Europe and the USA
EasyVista’s Q3 sales were up 25% after 50% in H1, leading to +42% for 9 months. Though current quarters are still boosted by the change in contracting mode, organic momentum…
Strong revenue growth, but profitability still impacted by the transition phase
Currently in a transition year, the group has reported growing H1 revenue but profit, although positive, was lower than in H1 17. Keyware’s revenue was pushed by the Authorisations division,…
Refonte
La publication des comptes 2017 en Août 2018 et l’AGM de Septembre permettent de prendre la totale mesure de la transformation de Bourrelier Group d’un groupe de distribution d’équipement de…