Jacquet Metals : H1 2024 results down sharply as expected. Still no sign of improvement in H2
>H1 sales: -15.5% at € 1,074m (vs € 1,100m est.), underlying operating profit of € 18m (vs € 21m est.) - Yesterday evening, Jacquet Metals reported H1 results a shade below our estimates. Over the first half, sales totalled € 1,074m (vs € 1,100m), down 15.5%, due to: i/ a negative volume effect of 5.8% (Q1 -7.2%; Q2 -4.1%), ii/ a price effect of -14.8% (Q1 -16.6%; Q2 -12.7%) and a scope effect of 5.1% linked to the multiple acquisitions made last year. Prices stabilis...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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