French IT and ER&D services vendor, SII, had an impressive growth in Q1 FY23 (corresponding to calendar Q2 22). Year-on-year organic growth reached 27.5%, despite demanding comps (Q1 FY22: +27.1%).
Alten – High Organic Growth in Q2 2022 Despite Challenging Comps
Alten enjoyed high organic growth in Q2 2022, despite challenging comps. Revenue growth was 18.9% yoy at cc/cs. The performance was strong given that Q1 2021 revenues were up +19.7%. This is the fifth consecutive quarter of ~20% organic growth.
AFRY Hoping for the Best…
AFRY is hoping for the best but expecting the worse for H2 2022. The company made clear that the macro-economic conditions and the geopolitical context were uncertain as ever.
Alten Finishes 2021 with an Indian-like Growth Rate
lten finished 2021 with an India-growth rate. For the third consecutive quarter, Alten has an organic (cc/cs) revenue growth close to 20%, reaching 23.2% in Q4. The company benefitted from favorable comps (-17.4% in Q4 2020) and HR decisions.
SII Achieves Its Highest Profits Ever
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Sweco Still Struggling to Resume Growth in Q3 2021
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SII: Simply the Best this Quarter
II was simply the best this quarter. The France-headquartered ER&D services vendor had its revenues up 24.0% yoy (at cc/cs) in Q3 2021/Q2 FY22. SII matched Alten’s excellent performance (+24.0% at cc/cs) despite relatively demanding comps. Unlike peers, SII had limited exposure to automotive and aeronautics. In FY21, its revenues were only slightly down, by 1.5% at cc/cs. SII, therefore, managed to grow its Q2 FY22 revenues despite relatively demanding comps (-4.5%). Alten’s decline during the same quarter was 9.4% yoy.
Assytem’s Nuclear Engineering In A Soft Landing
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More Diversification And Sustainability Ahead For Ricardo
Ricardo announced in September its priorities for the years to come: further client diversification, a focus on Asia and North America, a continued refresh of its service portfolio, and sustainability in all its forms. These priorities are very much in line with Ricardo’s strategy in the past few years.
Alten, the Largest and Fastest-Growing in Q3!
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Alten: A Big Rebound in Q2
Alten impressed investors with its Q2 rebound: revenues had a big rebound (+19.7% yoy at cc/cs) to EUR 714m. We had anticipated this solid rebound: the comps were very favorable (Q2 2020 was down 18.4% yoy organically).
SII Close to a 30% Organic Growth this Quarter
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Sweco: Is Sustainability Good Enough?
Sweco had a relatively mild financial performance in Q2 2021 with a 2% yoy growth at cc/cs to SEK 5,643m (USD 649m). The company did not benefit from favorable comps (Q2 2020: +2% yoy at cc/cs). Sweco suffered from its lower utilization rate and headcount
AFRY: High Growth and Surprises in Q2
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Assystem: Nuclear Engineering Drives Growth in Q1
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Alten: Toward A Growth Acceleration in Q2!
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AFRY Gets its Energy Division Back to Organic Growth
AFRY: the Energy Division Has Completed its Portfolio Transformation and Is Back to Growth AFRY finally
Nuclear Engineering Remains Promising for Assystem
Nuclear engineering remains promising for Assystem. Revenues of nuclear engineering proved slightly more resilient during 2020 (with a 4.2% revenue decline at cc/cs) than the company itself (-5.3%). In H1 2020, the activity was impacted by the lockdown in Europe, as nuclear engineering requires a higher level of onsite work than ER&D services. Revenues bounced back in H2, reaching a slight organic growth.
Sweco Profitable Despite Write-Down in Germany
Sweco Was Profitable in Q4 despite the Write-Down Swedish infrastructure engineering Sweco remained profitable despite a
UPDATED: Akka Completes its Capital Increase. More Restructuring
Akka had a busy end of the year: it completed its capital increase and unveiled a
More of the Same for SII in its Q3 FY21
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SII Performed Very Well This Quarter. Really?
At first glance, SII performed very well during calendar Q3 2020 (corresponding to its Q2 FY21). Revenues were down by only 4.5% yoy at cc/cs. By comparison, Alten’s revenues were down by 19%! SII continued to overperform its French and European peers by a very significant margin.
Europe Has Entered its Second Lockdown. A Look at Financial Implications
Europe has now entered its second lockdown. The lockdowns have different restrictions levels and different lengths. The UK and France are running for the full month of November. Officials in the two countries have, however, warned the lockdown might last longer, until Christmas at least.
AFRY Protected Well Its Bottom Line In Q3
AFRY, once again, protected its bottom line during the pandemic. The company limited its Q3 2020 EBITA margin decline to 40 bps to 6.7%. AFRY reduced its expenses by SEK 480m in Q3, a level similar to QA (SEK 490m).
Assystem Lowers its Guidance Two Day Before a New Lockdown
Assystem announced its results two days before France back into a full lockdown. Despite a good financial performance in Q3 2020, the company changed, again, its guidance for full-year 2020.