Jacquet Metals : Q3 results in line with our expectations - slowdown under way
>Q3 sales of € 638m (vs € 630.6m est.) – u/lying op. profit of € 51m (vs € 47m est.) - Yesterday evening, Jacquet Metal reported Q3 earnings that were broadly in line with our expectations. Over the quarter, sales amounted to € 638m (vs € 630m est.), up sharply by 26%: price effect which remains high y-o-y at +30.8% despite a slowdown (+57.6% in Q2 2022), volume down 6.1% and scope effect of 1.3% (acquisition of Fidelity PAC Metals in May 2022). The end of the price w...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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