Psb Industries : 2020 sales a shade above our forecast, caution on 2021
>2020 sales down 22.7% to € 207.1m (vs € 198m est.) - PSB Industries yesterday evening reported Q4 sales of € 55m, down 10.9% (of which -7.9% l-f-l). For the full year, sales saw a decline of 22.2% to € 207.1m, slightly above our forecast of € 198m est. (-24.8%e). The full-year decline comprised an organic decline of 20.5% and a currency effect of -1.7% (mainly due to the dollar).Sequential improvement of activity in Q4 - Q4 2020 ultimately proved mo...PSB Industries is a holding company. Co. is engaged in technological industries and is organized into the following three operating segments (business units): Beauty Packaging (Texen), Custom Packaging (CGL Pack), and Specialty Chemicals (Baikowski). Beauty Packaging (Texen) specializes in plastic injection and finishing, chiefly for the cosmetics and perfume industry; Custom Packaging (CGL Pack) specializes in the design and manufacture of custom thermoformed packaging for consumer products; and Specialty Chemicals (Baikowski) specializes in the production of powders and liquids based on ultra-pure alumina.
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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