Agta Record : FY 2019 sales a shade ahead of our expectations
>2019 sales up 6.9% organically to € 404.5m (vs € 400m est.) - Agta Record reported yesterday evening its FY 2019 sales, which were up 8% (+6.9% LFL) to € 404.5m, slightly above our estimate at € 400m (+6%e) and management’s guidance at +6-7%. Over the same period, the Maintenance business grew by 5.7% to € 163.5m. Brisk sales growth in 2019 - Our key takeaways from the press release are as follows: Full-year sales were up 8%, of which +6.9% LF...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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