Report
Jeremy Garnier

Psb Industries : H1 2020 sales a shade below our expectations – Significant impact of the pandemic on FY 2020

>Q2 sales: € 36.7m (vs € 44.3m est.), -48.4% y-o-y of which -46.7% l-f-l - PSB Industries yesterday evening reported Q2 2020 sales down 48.4% y-o-y (of which 46.7%) l-f-l to € 36.7m (vs € 44m est.). Over H1, business declined by 29.7% (incl. 29% l-f-l) to € 100m, a shade below our forecast of € 107.6m. The impact of the COVID-19 crisis intensified in Q2 (-70% for the month of May alone) with the acceleration of the fall in demand and the closure of sites following loc...
Underlying
PSB Industries SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jeremy Garnier

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