H1 23 EBIT in line
H1 23 EBIT (restated from asset sale) came at EUR15.7m, slightly down YoY; operating margin contracted 120bps to 5.6% driven by a pick-up in hiring costs over the past 12 months as previously indicated by management. To prepare for future nuclear projects, the group increased headcount by ~10% over the past year. Net profit was broadly stable excluding discontinued operations. We have not made any changes to our forecast in this update.
Good performance at Expleo
Expleo deliv ....

14 Sep 2023
H1 23 results in line

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H1 23 results in line
- Published:
14 Sep 2023 -
Author:
Lahmidi Mourad ML -
Pages:
7 -
H1 23 EBIT in line
H1 23 EBIT (restated from asset sale) came at EUR15.7m, slightly down YoY; operating margin contracted 120bps to 5.6% driven by a pick-up in hiring costs over the past 12 months as previously indicated by management. To prepare for future nuclear projects, the group increased headcount by ~10% over the past year. Net profit was broadly stable excluding discontinued operations. We have not made any changes to our forecast in this update.
Good performance at Expleo
Expleo deliv ....