Two days before the publication of the turnover, for the third quarter, of the digital transformation group for companies, the research firm TP Icap Midcap delivers its anticipations as for the activity of Aubay.
What an analyst expects from Aubay’s quarterly publication | Photo credit: Shutterstock
The third quarter promises to be favorable once again for Aubay and most certainly without any major surprises: with a profile of strong profitable growth and in a buoyant sector, the digital business transformation group has already started the financial year well, with results quality semesters. It is Wednesday evening that the company will present its turnover for the third quarter.
The firm TP Icap Midcap anticipates on the occasion of this publication “maintaining a solid dynamic” and a speech that should remain “offensive, driven by continued strong demand and a positive trend in operating indicators (good recruitment momentum in the third quarter, maintenance of a high activity rate, positive price effect)” : the office expects billings to rise by 8% to 120 million euros.
Two working days less
Beware, however, of a “unfavorable calendar effect”, nuance the analyst in charge of value at TP Icap Midcap, Jean-Pierre Tabart. As indicated by Aubay during the presentation of the results at the end of June, the second half has two fewer working days than in the same period in 2021. This could bring the group’s growth rate below the 10% mark and contract the operating margin target in the “top of the range”he believes.
Aubay should still confirm its annual growth objectives, namely a volume of business up 9%, to 513 million euros and an operating margin on activity between 9.5% and 10.5%.
NH