Report
Jeremy Garnier

Serge Ferrari : CA S1 2020 inférieur à notre attente, peu de visibilité sur le S2. Neutre vs Achat

>CA T2 2020 de 37.2 M€ (vs 43.5 M€e) en fort repli de 32.6% - Au titre du T2, Serge Ferrari a publié hier soir un CA en forte baisse de 32.6% à 37.2 M€, en dessous de notre attente de 43.5 M€ (-20%e). L’activité est logiquement impactée par les effets de la crise sanitaire du COVID-19. Sur l’ensemble du S1, le CA s’établit à 79.7 M€ (vs 86.1 M€e) en retrait de 21.4% (-21.6% lfl).Fort ralentissement au T2 sur toutes les zones géographiques – peu de visibi...
Underlying
SergeFerrari Group SA

Sergeferrari Group SAS is a France-based company, which produces flexible composite materials. It designs and produces such products as performance building materials (tensile architecture, bioclimatic facade, solar protection and acoustic solutions), advanced materials (modular structures, agro-energy and environmental protection) and design & outdoor materials (yachting protection, contract and outdoor furniture, awnings and canopies, visual communication and ecolodge). Beyond products, Sergeferrari Group SAS is also committed to providing support to its customers, skilled technical resources supporting customers, application advice aiming at specified sales and suitable technical documents, by providing training to customers. It operates through Giofex.

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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