Groupe Gorgé : Q1 revenues close to our expectations – Revised dividend maintained
>Q1 sales of € 58.5m, i.e. -0.9% y-o-y - Groupe Gorgé reported Q1 revenues broadly in line with our expectations. Sales came to € 58.5m, i.e. slightly negative growth y-o-y (-0.9% and -0.4% at constant scope). The health crisis impacted on momentum at the group’s three businesses. 3D printing declined by 11% and the unlisted Vigians division was flat on the positive side. But the ECA subsidiary again turned in a good performance with sales growth of 6.4% in the quart...Groupe Gorge is a holding company engaged in three areas of operation: Smart Safety Systems (develops Smart Safety Systems designed to operate in hostile and constrained environments for civil and defense sectors); Protection in Nuclear Environments (protection solutions in nuclear environments: shielding by partition systems in nuclear power stations & protection against radiation for staff working in nuclear environments); and Industrial Project Services (industrial projects and maintenance, creating production tools and turnkey operation areas, projects and services in industrial robotics, iron works, automation, 3D printer offerings, electricity and fire fighting systems).
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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