Jacquet Metals : Excellent H1 2021 results above our forecasts
>H1 sales: +28.9% at € 937m (vs € 805m est.), underlying operating profit of € 64m (vs € 48m est.) - Yesterday evening, Jacquet Metals published H1 2021 results well above our estimates. Sales mounted to € 937m (vs € 805m est.), up 28.9% y-o-y, mainly comprising a volume effect of 21.7% (vs +8% est.) and a price effect of 7.2% (vs +3% est.). Underlying operating profit stood at € 64m (vs € 48m est. and -€ 3m in H1 2020). Lastly, attributable net profit came to € 43m ...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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