Jacquet Metal Service : A disappointing Q3 and outlook still uncertain - Neutral vs Buy
>Q3 sales of € 375m (vs € 417m est.) and underlying operating profit of € 7m (vs € 14m est.) - Jacquet Metal Service yesterday evening reported its Q3 results, which fell short of our forecasts. Sales came in at € 375m, down 17.3%, including a scope effect of -5.2% (vs -5.5% est.) linked to the divestment of Abraservice in 2019 and other non-core businesses at the end of last year, a volume effect of -9.9% (vs -4.5% est.) and a price effect of -2.2% (vs +2% est.). Pro...Jacquet Metal Services is a European distributor of specialty steels, also active in China and the U.S.A. Co.'s main activity consists of purchasing, storing, and delivering different families of products. Co. is active in four markets for the distribution of special steels through four brands: JACQUET (distribution of stainless steel thick "Quarto" plates); Stappert (distribution of long stainless steel products); Abraservice (distribution of wear-resistant "Quarto" plates); IMS group (distribution of engineering steels). Co.'s main consumer sectors are the following industries: chemical; agro foods; treatment and storage of gases; water treatment; environment and cleanup; and energy.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.