Clasquin : Positive 2019 results – A highly challenging 2020
>2019 underlying operating profit sharply up to € 8.6m (vs € 7.9m est.) - Clasquin yesterday evening published 2019 earnings above our expectations. For a gross margin (already published) up 11.4% (+10.7% l-f-l), the underlying operating profit came to € 8.6m (vs € 7.9m est.) i.e. an underlying operating margin of 11.2% up 180bp (vs 10.3%e; +90bp). The attributable net profit stood at -€ 3.9m (vs € 3.6m est.). Net debt at year-end totalled € 18.6m (€ 26.5m with I...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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