Chargeurs : H1 results a shade below forecasts
>H1 sales of € 374m (vs € 377m est.) up 8.6% / underlying operating profit of € 17m (vs € 20m est.) - This morning, Chargeurs published H1 results that came in a shade below our forecasts. Sales were € 374m (vs € 377m est.) up 8.6% (+11.1% l-f-l) implying Q2 sales of € 196m, up 9.5% (after Q1 sales of € 178m up 6.7%). Underlying operating profit was € 17m (vs € 20m est.), i.e. an operating margin of 4.5% up 80bp. Lastly, attributable net profit was -€ 3.5m (vs € 4m e...Chargeurs SA is a France-based company, which provides customizable specialty material solutions. The Company and its subsidiaries operate in four sectors: Protective Films, Fashion Technologies, Museum Solutions and Luxury Materials. Protective Films designs, produces and markets technical solutions to protect the quality of steel, aluminum, plastic or other surfaces during the transformation process, as well as film application machines. Fashion Technologies produces and markets linings for clothing. Museum Solutions includes the industrial divisions Senfa, specialized in the functionalization of technical textiles, and Chargeurs Creative Collection, specialized in the provision of services to cultural institutions. Luxury Materials manufactures and markets combed wool ribbons. The Company is active globally.
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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