Psb Industries : Q1 2021 contained no surprises – Pending takeover bid
>Q1 2021 sales totalled € 42.5m (vs E41.5m est.) - PSB Industries yesterday evening reported Q1 sales in line with our expectations. Over the first three months of the year, sales came to € 42.5m (vs € 63.3m in Q1 2020 and € 41.5m) following the sale of the Health & Industries division to the Clayens NP group (completed in January 2021). The group's activity is now concentrated on the luxury & beauty division, which posted a slight decline of 9.8% in Q1 (-7.4% l-f-l)...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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