Jacquet Metals : Excellent H1 results but momentum set to become tougher in H2
>H1 2022 sales: +58% at € 1,480m (vs € 1,409m est.), underlying operating profit of € 183m (vs € 160m est.) - Jacquet Metals yesterday evening reported H1 results a shade above our expectations with sales of €1,480m (vs € 1,409m estimated) up 58%: +1.9% volume effect (Q1 +8.9%; Q2 -4.9%), +55.5% price effect (Q1 +53.7%; Q2 +57.6%) and +0.6% scope effect following the acquisition of Fidelity PAC Metals in early May 2022. Underlying operating profit was € 183m (vs € 160...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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