Assystem: stock slumps after targets cut
(CercleFinance.com) - Assystem shares aare is down 12% after adjusting its 2024 targets, now targeting sales of around E610m (instead of around E620m) and an operating margin of around 6.
5% (compared with around 7%).
Over the first nine months of the year, the engineering group posted sales of E445.4m, representing total growth of 5.6%, of which 5.2% was organic, 0.3% from consolidation scope changes and 0.1% from exchange rates.
In Q3, growth decelerated to +3.5% (+3.8% organic) due to a lack of activity on Saudi infrastructure projects, while development of new nuclear power plants in France fell short of expectations.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
5% (compared with around 7%).
Over the first nine months of the year, the engineering group posted sales of E445.4m, representing total growth of 5.6%, of which 5.2% was organic, 0.3% from consolidation scope changes and 0.1% from exchange rates.
In Q3, growth decelerated to +3.5% (+3.8% organic) due to a lack of activity on Saudi infrastructure projects, while development of new nuclear power plants in France fell short of expectations.
Copyright (c) 2024 CercleFinance.com. All rights reserved.