HighCo : 2024 guidance clarified - Caution on H2
>H1 adjusted earnings on activity totalled € 9.6m (vs € 9.4m est.) i.e. an operating margin of 25.5% (vs 24.8% est.) - Last night, HighCo published resilient H1 results in line with our expectations and with the guidance announced in July (stable EBITDA and ROE). For a stable gross profit (already reported) of €37.7m, EOA amounted to € 9.6m (vs €9.4m est.), reflecting a slight 10bp increase in the operating margin to 25.5% (vs 24.8% est.). Operating profit came in at ...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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