Report
Arnaud Riverain

CA T3 + Conf Call: Un T3 perturbé par la France et le Moyen-Orient

​Après un très bon T2 (+2% / +8,4% tcc), Delta Plus marque le pas au T3 et bascule dans le rouge tant en variation brute (-4%) qu’en variation retraitée du change (-0,3%).

Sur 9 mois, le groupe voit son activité baisser de -0,4% à 140 M€ mais reste dans le vert à taux de change constant avec +4,6%.
Au total, l’effet change est négatif de -7 M€ (-1,7 M€ au T3), quasiment la moitié de cette perte étant issue de l’Argentine (-3,2 M€).
A périmètre constant (hors Elvex sur le T1 et les Philippines à partir du T2) et à taux de change constant, le CA 9 mois progresse de +2,3%.

Underlying
Delta Plus Group SA

Delta Plus Group designs, standardizes, manufactures and markets personal protective equipment (E.P.I.) in Europe and in the rest of the world. Co.'s main activity sectors include BTP (Building and Public Works), activities in oil & gas and the heavy industry, offering products that meet the needs of different trades and activities such as wind power, logistics, the agri-food sector, the medical sector and the craft sector. Its portfolio consists of about 1,500 products, corresponding to more than 8,000 references. Co. divides its E.P.I. products into five main categories: Head Protection, Hand Protection, Body Protection, Feet Protection, and Anti-Fall Products.

Provider
GreenSome Finance
GreenSome Finance

​The independent financial analysis dedicated to Small & Mid Caps. Established in 2011, GreenSome Finance specializes in independent financial analysis and financial advice to SMEs, listed and unlisted. Our role is to support managers in their strategy of value creation.

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Analysts
Arnaud Riverain

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