Q3 results are sound thanks to the energy segment Sesa reported sales growth of 11.8% in Q3 2021/22 fiscal year (corresponding to c. 3.5% organic sales growth according to our estimates). The VAD division grew by c. 10% (organic growth LSD as most of the growth was in the digital green business) while SSI division by 17% (organic double digit) and Business Services by c. 26% (all driven by MandA). EBITDA margin remained at 7.1% in Q3 in line with H1, mirroring still 110bps expansion vs Q3 20/21 ....