Jacquet Metals : 2023 results in line with our expectations - further tough times at start of the year
>FY 2023 sales at € 2,230m (vs € 2,231m est.; underlying operating profit at € 99m (vs € 94.4m est.) - Jacquet Metals published yesterday evening FY 2023 results in line with our expectations. Sales amounted to € 2,230m (vs. € 2,231m est.), down 16.9%, due to: i/ a negative volume effect of 10.1%, ii/ a negative price effect of 8%, and iii/ a 1.1% consolidation effect including Fidelity PAC Metals (May 2022), DELTA ACCIAI (early 2023), COMETAL Metallhalbzeuge (June 2...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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