Clasquin : Q3 higher than we expected - takeover bid to be opened soon
>Q3 gross profit up 14.4% to € 40.9m (vs € 37m est.) - Clasquin published reported yesterday evening Q3 gross profit ahead of our expectations at € 40.9m (vs. € 37m est.), up 14.4% (+3.5%e), implying an 8.1% increase in 9M gross profit to € 111.4m. Excluding the consolidation effect tied to Timar, 9M gross profit showed organic growth of 4.5%.Good momentum in Q3 - takeover bid expected to open in November - Ina persistently challenging environment, ...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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