Jacquet Metals : Solid Q1 but slowdown set to worsen in Q2
>Q1 revenues down 4.4% to € 692m, underlying operating profit at € 68m (underlying operating margin at 9.8%) - Jacquet Metals published yesterday evening Q1 results in line on the revenue front and above our expectations in terms of profitability. After strong growth of 36% over 2022 (volume effect and especially price effect), revenues at the beginning of the year came in at € 692m (€ 712m est.), i.e. a slight decline of 4.4%, including: i/ a further positive price e...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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