Report
Jeremy Garnier

Sequana : Publication légèrement inférieure à notre attente – OC abaissé à 0.25 € (vs 0.35 €)

>CA 9 mois de 1 758.7 M€ (vs 1 757.8 M€), en baisse pro forma de 2.1% - Sequana a publié ce matin des résultats au 30/09/2018 proche de nos attentes, Le CA est en baisse pro forma de 2.1% à 1 758.7 M€, proche de notre estimation de 1 757.8 M€e. L’activité recule de 0.5% à taux de change constants. L’EBITDA atteint 45.7 M€ (-13.6%) soit une marge de 2.6% (-30 pb) alors que le ROC ressort à 28.0 M€ (-26.9 %) soit une Moc de 1.6% (-50 pb).Un momentum toujo...
Underlying
Sequana SA

Sequana. Sequana SA, formerly known as Sequana Capital, is a France-based holding company. The Company's main business activity is paper manufacturing and distribution of paper and packaging products. Sequana SA has two principal wholly owned subsidiaries: Arjowiggins, which manufactures technical papers for image enhancement and protection, and Antalis, which distributes paper for printing, office use, as well as both packaging and visual communications sector. The Company has operations in France, the United Kingdom, Finland, Poland, Ireland, Belgium, Denmark, Hungary, Argentina, Brazil, Australia, China and Botswana, among others. As of August 31, 2014, Bpifrance Participations held a 19.68% stake and Exor SA a 17.03% stake in the Company's shareholdings.

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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