SergeFerrari Group - A new warning that may not be the last
Unsurprisingly, Q3 sales well below expectationsA logical revision of targets, which now imply stable annual sales and profitability divided by more than 2xA cost-cutting plan to return to record 2022 margins by 2025Guidance for 2023 and 2025 seems out of reachSubstantial revision of our scenario and shift to a confirmed REDUCE opinion after the very sharp correction in the share price, with no really good news to look forward to in the short term.Sergeferrari Group SAS is a France-based company, which produces flexible composite materials. It designs and produces such products as performance building materials (tensile architecture, bioclimatic facade, solar protection and acoustic solutions), advanced materials (modular structures, agro-energy and environmental protection) and design & outdoor materials (yachting protection, contract and outdoor furniture, awnings and canopies, visual communication and ecolodge). Beyond products, Sergeferrari Group SAS is also committed to providing support to its customers, skilled technical resources supporting customers, application advice aiming at specified sales and suitable technical documents, by providing training to customers. It operates through Giofex.
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