Sunday, August 11, 2013

Installux SA H1 2013 Update

Just after my recent post on Installux SA, the company reported their first half-year earnings. The company earned € 13.69 / shr, which is a 14% drop yoy. Revenue dropped 10% yoy. Gross margin was 56% versus 53% a year ago. EBIT margin remained constant at 11%. So the company appears to manage costs well in light of the downturn in France. And this year the company will continue to increase book value — which is larger than market cap — and pay a 5% dividend.

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