SALVATORE FERRAGAMO: H1 profitability far above expectations! | NEUTRAL | EUR18 VS. EUR16 (+2%)
SALVATORE FERRAGAMO - NEUTRAL | EUR18 VS. EUR16 (+2%)H1 profitability far above expectations!
Q2 sales were still 23% below Q2 2019
H1 EBIT margin toped 12.6% but higher investments in H2
Neutral recommendation maintained
Sensorion SA is a France-based company principally engaged in the biopharmaceutical sector. The Company is principally active in the development of targeted therapeutic solutions to treat inner ear diseases. The Company develops also drug treatments, from molecular biology all the way to animal pharmacology, toxicology, and clinical research and therapeutic solutions to treat vestibular deficits. Sensorion SA is a spin-off of the research team Pathophysiology and Therapy of Vestibular Deficits in Montpellier Neuroscience Institute.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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