HighCo : Lower Q3 gross margin hit by Casino store sales - 2024 gross margin target raised slightly
>Q3 gross margin down 11.3% to € 16.5m (vs € 15.9m est.) - HighCo reported yesterday evening Q3 gross margin broadly in line with our estimate. After a highly resilient H1 (-0.6%), Q3 gross margin was down 11.3% to € 16.5m (vs. -15.5% est to € 15.9m est.), hurt the sale of Casino stores. 9M gross margin was down 4.1% to € 54.2m (vs. -6.4% est. to € 53.6m est.). Business dented by marketing & consulting/retail unit - 2024 gross margin target lifted (-8% vs...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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