High Co SA is a France-based marketing services group for mass-market retailers and consumer goods manufacturers. The Company offers marketing solutions, such as coupon issuing, a promotional technique that entitles the customer to a discount on a product; sampling, which consists in offering free samples to test a product; point-of sale, which ranges from shelf tags to in-store radio announcements, floor graphics and in-store field marketing; clearing, which consists of processing discount coupons and money-back offers; marketing communication agencies, which provide support for brands and retailers in their marketing campaigns, and digital services with the subsidiary, HighCo 3.0., which advises and assists clients on the integration of digital technologies for distributors and brands. The Company operates in France, Spain, United Kingdom, Poland, Russia and Turkey, among others.
  • TickerHCO
  • ISINFR0000054231
  • ExchangeEuronext Paris
  • SectorMedia
  • CountryFrance
Hana Maalej

HighCo : Start to the year hit by the crisis, tougher Q2 – Target price cut to € 3.9, Neutral rating reiterated

>Gross margin down 10.3% to € 20.8m (vs € 21.4m est.) - HighCo reported yesterday evening Q1 gross margin down 10.3% to € 20.8m, missing our expectations (-7.7% to € 21.4m). Despite good revenue in January and February (slight growth), March suffered the first effects of the crisis (stores closed, campaigns postponed or cancelled, etc.) and was alone hit by a 27.4% decline. International market holds up well, France plummets – Digital more resilient than ...

Hana Maalej

HighCo : Un début d’année pénalisé par la crise et un T2 encore plus difficile – OC abaissé à 3.9 € - Neutre réitéré

>MB en baisse de 10.3% à 20.8 M€ (vs 21.4 M€e) - HighCo a publié hier soir une marge brute T1 en repli de 10.3% à 20.8 M€, inférieure à notre attente (-7.7%e à 21.4 M€e). En dépit d’une activité bien orientée en janvier et février (légère croissance), le mois de mars subit les premiers effets de la crise (magasins fermés, campagnes reportées ou annulées…) et accuse à lui seul une baisse de 27.4%. L’international résiste tandis que la France se replie fort...

Julien Onillon

HighCo: One month to go from record profit to survival mode

As we anticipated HighCo has published record results for 2019 and, just a month ago, we could expect the specialist coupon marketing company to continue to perform well thanks to its successful transformation into digital and its position in the highly promising data-driven marketing business. With the Covid-19 crisis, the company is now struggling for survival, and we fear that this struggle will last for years to come.

Hana Maalej

HighCo : 2019 results in line – Marked decline anticipated for H1 – Target price cut to € 4.7

>Adjusted earnings on ordinary activities of € 17.6m, i.e. an operating margin up 20bp to 18.5% (in line) - HighCo yesterday evening published 2019 results that were broadly in line with our forecasts. For a gross profit (already published) up 8.7%, of which +4.6% l-f-l to € 95.2m, Adjusted earnings on ordinary activities (excluding free share allocation costs) was up 9.9% to € 17.6m (vs € 16m in 2018). The operating margin (earnings on ord. act./GP) thus improved 20...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Fehmi Ben Naamane
  • Hana Maalej
  • Jean-François Granjon
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 04/23/2020

We estimate that net current cash flow per share for the property companies we cover will be reduced on average by -11.3% in 2020e and -6.0% in 2021e. Retail property companies are likely to be hit the hardest while office and healthcare property groups should prove more resilient. Our Top Picks against this backdrop are Gecina and Colonial in office property, Cofinimmo in healthcare property and Klépierre in retail property. We downgrade Merlin Properties from Buy to Neutral. - ...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Ayachi
  • Fehmi Ben Naamane
  • Hana Maalej
  • Jean-François Granjon
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 23/04/2020

...

Anis Zgaya ...
  • Aurelien Sivignon
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Nicolas Thorez
  • Samantha Jeary

ODDO BHF Small & MIDCAP MORNING NEWS - 03/25/2020

...

Anis Zgaya ...
  • Aurelien Sivignon
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Nicolas Thorez
  • Samantha Jeary

ODDO BHF Small & MIDCAP MORNING NEWS - 25/03/2020

...

Hana Maalej ...
  • Louis Boujard, CFA
  • Nicolas Thorez
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 01/23/2020

...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

High Co - Assemblée Générale des actionnaires du 11 mai 2020

Concernant la politique de rémunération proposée en résolution 7 pour le nouvel exercice, cette dernière manque de précision sur les montants en jeu, les conditions de performance, et permet l’attribution d’une rémunération totale excessive, qui ne respecte pas notre politique de vote. Le rejet de la résolution 7 entraînerait l’application de la politique de rémunération précédente, or cette politique de rémunération est identique à celle proposée cette année. Le rejet de cette résolution 7 n'aurait donc pas d'effet pertinent. Le seul moyen de contraindre le conseil à proposer une politique de...

Florian Béchaz

High Co - Assemblée Générale des actionnaires du 20 mai 2019

Quelques points d'attention prioritaires sont à signaler. Tout d'abord, le Conseil d'administration a un taux très faible d'indépendance, à savoir 16,67%. Proxinvest regrette que la société ne propose pas la nomination de membres indépendants dans son conseil. Par ailleurs, la durée de mandat, de 6 ans, ne respecte pas la pratique de la place. Enfin, la Société pourrait fortement s'améliorer en matière de communication et transparence, même si cette année les montants en jeu étaient très raisonnables, ce qui permet à Proxinvest de recommander l'approbation des rémunérations 2018.

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch