Jacquet Metals : Attributable net profit expected to be close to breakeven in 2020
>Inventory provisions lowered due to higher raw material prices - In a terse press release, the group announced on Friday evening that it expected 2020 attributable net profit to be close to breakeven (vs. -€ 19m at 30 September 2020). Indeed, as part of the annual accounts closing on 31 December, the group carried out a valuation of its steel inventories. Although these had been hard hit by the health crisis in June 2020 due to a sharp slowdown in activity, the ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.