Jacquet Metal Service : Q3 figures in line – still not much visibility
>Q3 revenues of € 312m (vs € 337m est.) and underlying operating profit of € 0.1m (vs € 0m est.) - Jacquet Metal Service's Q3 2020 results, reported yesterday evening, fell short of our expectations for the top line but were in line on profitability. After a decline of 17.9% in H1, Q3 revenues came in 16.7% lower at € 312m (vs € 337m est.). This negative growth comprises a volume effect of -12.4% and a price effect of -4.3%. Underlying operating profit came to € 0.1m ...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.
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