Jacquet Metals : Q3 2024 close to our expectations
>Q3 revenues at € 469m (vs € 482m est.), down 5.1% (-10.7% LfL), underlying operating profit at € 10m (vs € 9m est.) - Jacquet Metals reported yesterday evening Q3 results close to our expectations. Revenues came in at € 469m, down 5.1%, of which: i/ a volume effect of -3.4%, ii/ a price effect of -7.3% and a consolidation effect of 5.6%. The underlying operating profit stood at € 10m (vs € 9m est.), implying an underlying operating margin of 2.2% and attributable net...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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