Psb Industries : H1 2020 results close to our forecasts
>H1 operating profit at -€ 7.6m (vs -€ 8m est.) - Yesterday evening, PSB Industries reported H1 results that are broadly close to our forecasts. For already-reported sales of € 100m, down 29.7% y-o-y and 29% l-f-l, operating profit came in at -€ 7.6m (vs -€ 8m est.). The decline in profitability recorded over the first half is mainly due to the sharp slowdown in demand and the partial shutdown of activities following the lockdown measures. The attributable net profit ...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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