HighCo : Very good 2021 results (in line) – Steady improvement in profitability despite growth set to stall in 2022
>Adjusted earn. ord. act. at € 15.5m, i.e. an increase in the Op. margin of 390bp to 20.3% (vs 20.2%e), driven by growth and the firm grip on opex - Yesterday evening HighCo reported very decent full-year results, in line with the guidance and our estimates. For a gross margin (already published) up 3.2% organic to € 76.5m, earnings on ordinary activities (adjusted for performance share plans) was up 27.6% to € 15.5m (vs € 15.4m est.), reflecting a sharply improved o...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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