Report
Jeremy Garnier

Chargeurs : Q1 naturally hit by Covid-19, FY targets confirmed thanks to Lainière Santé

>Q1 sales at € 157.5m, down 2.3% (-4.7% LFL) - Chargeurs reported this morning Q1 2020 sales of € 157.5m, a shade below our expectations (€ 164m), down 2.3% (-4.7% LFL). The difference with our estimate is due to a lower than expected consolidation effect within Technical Substrate (contributions from D&P, Hypsos, Met and Design PM) while the organic decrease is in line with our expectations (-4.5%). Despite a good start to the year, the group's business has unsurpris...
Underlying
Chargeurs S.A.

Chargeurs S.A.. Chargeurs SA, also known as Chargeurs, is a France-based company active in the area of textiles. The Company manufactures fabrics and garment interlinings for the apparel industry. It operates in three business segments: Temporary surface protection, through Chargeurs Protective Films, primarily in the building materials industry, but also in electronics and household appliances; Technical textiles, through Chargeurs Interlining; and Raw material processing, through Chargeurs Wool which specializes in top making, consisting of designing wool blends. The Company is based in over 30 countries on five continents and offers service in over 45 countries. The Company operates through Main Tape Co Inc, Chargeurs Textiles, Omma, Chargeurs Protective Films, Chargeurs Interlining, Main Tape Inc, Chargetex 34 and Chargetex 35.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jeremy Garnier

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