Jacquet Metals : 2022 results broadly in line with our expectations
>FY sales of € 2,683m (vs € 2,600m est.) / underlying operating profit of de € 263m (vs € 256m est.) - Yesterday evening, Jacquet Metals published 2022 results broadly in line with our expectations. Annual sales amounted to € 2,683m (vs € 2,600m est.), up 36.2%, mainly due to: i/ a slight negative volume effect of -2.9%, ii/ a high price effect of +38.1% and iii/ a scope effect of 1% following the acquisition of Fidelity PAC Metals in May 2022. This growth level impli...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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