Report
Jeremy Garnier

Jacquet Metal Service : Résultats T1 proches de nos attentes – OC ajusté à 23 € (vs 25 €)

>CA T1 : 482 M€ (vs 480 M€e) soit -4.1% yoy / Roc : 19.1 M€ (vs 22 M€e) - Jacquet Metal Service a publié hier soir au titre du T1 2019 des résultats proches de nos estimations. L’activité est en recul de 4.1% yoy à 482 M€ (vs 480 M€e et -4.5%e). Cette baisse est composée d’un effet volume de -4.6%, d’un effet prix de +3.1% et d’un effet périmètre de -2.6% lié à la cession d’activités non stratégiques fin 2018. L’EBITDA s’élève à 26.5 M€ (vs 28 M€e) soit une marge d’E...
Underlying
Jacquet Metals SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jeremy Garnier

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