Clasquin : Good resilience in Q1, Q2 expected sharply down
>Q1 gross margin up 1.9% (-6% l-f-l) to € 17.6m - Clasquin reported Thursday evening a gross margin slightly up 1.9% to € 17.6m, slightly ahead of our estimate of € 16.7m est. (-3%e). Excluding the scope effect linked to the acquisition of Cargolution in October 2019, the gross margin posted an organic decline of -6% over the quarter (vs -10%e). Sharp drop in world trade logically affecting sales - As expected, the health crisis linked to COVID-19 and...Clasquin Group designs and supervises the entire overseas transport & logistics chain. Co. has two operating segments: air and sea freight forwarding and related services ("overseas freight") and IT service contractor ("IT services"). The air freight forwarding and related services ("overseas freight") segment comprises of three business lines: air freight forwarding and related services, sea freight forwarding and related services, other services not included in air and sea freight (including related services) are grouped into the "others" business line.
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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