Parrot : A still very tricky commercial context, even though restructuring measures are already clearly visible in earnings
>H1 sales -28% y-o-y to € 39.7m, underlying operating profit of -€ 13m - For H1, Parrot this morning published earnings below expectations at the top-line level, but interim losses were significantly lower than expected. Revenues were down by 28% y-o-y to € 39.7m (€ 44.6m est.). The gross margin came in at a high level: 64% vs 42% in H1 2018. The underlying operating loss came in at -€ 13m, attributable net loss came in at -€ 13.8m. Note that group earnings totalled €...Parrot is a global player in wireless mobile phone accessories, specialized in designing and marketing wireless devices for mobile phones. Co. activities cover both retail customers (installed hands free kits, Plug & Play hands free kits and Multimedia products), and auto industry professionals. Co. developed three retail product ranges: two for vehicles and one for the house. Vehicle products are hand-free kits installed, in most cases, by professionals after vehicle purchase; and Plug & Play products, which are hands-free systems usable upon purchase. House products include multimedia products, allowing users to share multimedia contents on mobile phones.
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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