Jacquet Metals : H1 2023 earnings down – acceleration of the decline in Q2
>H1 2023 sales: -14.2% to € 1,270m (vs € 1,370m est.), underlying operating profit of € 84m (vs € 105m est.) - Yesterday evening, Jacquet Metals reported H1 2023 results below our estimates. After a resilient Q1 (decline in sales limited to 4.4%), the slowdown in business was sharply accentuated in Q2 (-23.5%). Consequently, H1 2023 sales totalled € 1,270m (vs € 1,370m est.) down -14.2% integrating: i/ a negative volume effect of 10.8% (Q1 -10.6 %; Q2- 10.8%), ii/ a ...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.