HighCo : Record 2023 results - Caution on 2024 due to risks associated with Casino
>Adjusted earnings on ordinary activities of € 16.4m, i.e. an operating margin of 22.1% (+150bp) - Yesterday evening, HighCo reported record earnings for 2023. Despite a gross margin (already published) down 2.7% to € 74.4m, adjusted earnings on ordinary activities came in at € 16.4m, revealing a 150bp improvement to the operating margin to 22.1%, in line with the guidance announced in January and with our forecast (22.1%). This operational performance stems from eff...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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