HighCo : Better-than-expected start to the year, caution over the coming quarters
>Q1 gross profit stable at € 18.9m (vs € 17.6m est.) - Highco reported yesterday evening stable Q1 2024 gross profit at € 18.9m (+0.5%), while we were anticipating a 6% decline to € 17.6m. This difference essentially comes from a better-than-expected performance from the Activation division, which fully offset the decline in mobile and marketing & retail/consulting. In detail: 1/ the Activation division grew by 12.8%, benefiting from the sharp increase in the volumes ...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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