Eurogerm : Interim results down sharply hit by a decline in export sales and an increase in costs. Margin prospects brighter for H2
>H1 sales totalled € 54.3m, -1.7% on a reported basis and -3.3% organic - Eurogerm this morning reported its H1 2019 results. They were lower than our expectations. H1 sales down 1.7% at € 54.3m (vs € 56.4m est.). Stripping out the integration of Colombian (July 2018) and Lebanese subsidiaries (November 2018), l-f-l sales were down 3.3% vs stability in H2 and +2.9% in H1 2018. Eurogerm was hit by a fall in volumes linked to the non-renewal of the orders from three exp...Eurogerm SA is a France-based company specializing in manufacture and marketing of flour correctors, bread-making improvers, technological aids and nutritional cereal ingredients. It offers a range of enzymatic preparations, technical glutens adapted to bakery applications, mix and premixes for gluten free products, ingredients with omega-3 fatty acids, mix and premixes intended to reduce the salt intake of bread-making products and others, as well as related services. The Company has two production sites, Saint Apollinaire and Quetigny in France. The Company has such subsidiaries as Eurogerm Leag, Eurogerm Maroc, Problend-Eurogerm, Eurogerm Andina and Eurogerm Mexico, engaged in production and commercialization activities and Processus Alimentos Industria e Comercio LTDA EPP in Brazil, among others. The Company operates in countries like France, The United States, Algeria and Brazil, among others.
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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