Jacquet Metals : Excellent Q3 ahead of our expectations – very favourable momentum
>Q3 sales of € 506m (vs € 385.1m est.) and underlying operating profit of € 54m (vs € 17.5m est.) - Jacquet Metals yesterday evening reported Q3 results well ahead of our expectations. The group continued its very good momentum in the quarter with sales up 62% to € 506m (vs € 385.1m). This growth is made up of a solid volume effect of 24.8% and a clearly positive price effect of 37.2% thanks to the increase in raw material prices. Buoyed by this excellent top-line lev...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.
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