HighCo : Q2 beats expectations, COVID-19 set to dent the rest of the year
>Gross profit down 21.6% to € 19.6m (vs € 18m estimated) - HighCo published yesterday evening Q2 gross profit down 21.6% to € 19.6m, slightly better than expected (-28% estimated to € 18m) thanks to a small technical post-lockdown rebound in June (+2.6%) after sharp declines in April and May (-42% and -31% respectively). It should be remembered that the quarter was marked by strong seasonality (Easter, Mother's Day, Father's Day, etc.). H1 gross profit fell by 16.1% ...High Co SA is a France-based marketing services group for mass-market retailers and consumer goods manufacturers. The Company offers marketing solutions, such as coupon issuing, a promotional technique that entitles the customer to a discount on a product; sampling, which consists in offering free samples to test a product; point-of sale, which ranges from shelf tags to in-store radio announcements, floor graphics and in-store field marketing; clearing, which consists of processing discount coupons and money-back offers; marketing communication agencies, which provide support for brands and retailers in their marketing campaigns, and digital services with the subsidiary, HighCo 3.0., which advises and assists clients on the integration of digital technologies for distributors and brands. The Company operates in France, Spain, United Kingdom, Poland, Russia and Turkey, 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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