Jacquet Metals : Q3 results in line with expectations, market conditions remain challenging
>Q3 revenues at € 493m (vs € 500m est.), underlying operating profit at € 7m (vs € 5m est.) - Jacquet Metals reported yesterday evening Q3 results broadly in line with our forecasts. In line with Q2, quarterly revenues came in at € 493m (vs. € 500m est), down sharply by 22.7%, including: i/ a negative volume effect of 10.9%; ii/ a price effect of -12.1%; and iii/ a slight consolidation effect of 0.3% (acquisition of Delta Acciai in early 2023). On a sequential basis, ...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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