AlphaValue Corporate Services
Cette analyse a été commandée et financée par l’entreprise concernée et constitue donc un avantage non-monétaire mineur tel que défini par MIFID2


Bloomberg   ALDOL FP
Ingénierie lourde  /  France  Web Site   |   Investors Relation
Acquisitions and new management ensure growth but financing still a headache
Potentiel 48,5 %
Cours (€) 0,00
Capi (M€) 7,70
Perf. 1S: 14,3 %
Perf. 1M: 0,00 %
Perf. 3M: 167 %
Perf Ytd: 60,0 %
Perf. relative/stoxx600 10j: 16,5 %
Perf. relative/stoxx600 20j: 1,09 %
EPS change27/05/2019

Changement d’EPS2019 : € -0,04 vs -0,08ns
2020 : € -0,05 vs 0,02ns

We have updated our model with the FY18 figures.

We have revised our growth expectations for the oil & gas activities, as we see a dynamic Audit & Inspection division but a slower recovery of the Technical Assistance division. We now target a 2019 turnover of €4m for the Technical Assistance division (vs. €6m previously) and keep our revenue forecast at €5m for the Audit & Inspection division.

In New Energies, we shift our scenario by one year, with an order for a 4M floater pilot in 2020. Note that we have modelled the renewable division around the creation of an ad hoc SPV with Dietswell sharing ownership with an industrial partner (Dietswell keeping 50% + 1 share in the entity). We stick to this scenario for now and model for a start in 2020 (against 2019 previously).

The 2019 and 2020 EPS are impacted by the one-year shift in New Energies (2019 positively and 2020 negatively).