Agta Record : Decline in Q1 2020 sales due to COVID-19, still little visibility on the overall impact
>Q1 2020 sales down by 3.7% to € 91.7m - Yesterday evening, Agta Record published Q1 2020 sales down 3.7% to € 91.7m, shy of our € 94m estimate (-1.3%e). Over this same period, the maintenance business posted growth of 3.9% to € 40.4m. Note that the group will propose at the AGM scheduled for 14 May, the payment of a dividend of CHF 0.65 (€ 0.62 est.).Business heavily penalised by COVID19 since mid-March - Despite a very robust backlog level at end-Fe...Agta Record is an automatic door systems manufacturing group based in Switzerland. Co. is primarily involved in the manufacturing, installation and maintenance of automatic door systems. Co.'s product range includes all types of sliding doors, telescopic, swing or folding as well as revolving doors. Additionally, Co. offers hygienic and air-tight doors, plus burglar and fire-resistant doors and break-out systems for the use in escape and rescue routes. Co. also manufactures telescopic, round and angled sliding doors, as well as burglar resistant models.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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