Serge Ferrari : H1 2020 sales miss forecast, poor visibility on H2. Neutral vs Buy
>Q2 2020 sales of € 37.2m (vs € 43.5me) down sharply by 32.6% - Serge Ferrari posted its Q2 earnings report yesterday evening, recording a sharp 32.6% contraction in sales to € 37.2m, which fell short of our forecast of € 43.5m (-20%e). Activity was logically impacted by COVID-19. Sales for the entire H1 period came to € 79.7m (vs € 86.1me), down by 21.4% (-21.6% lfl).Sharp slowdown in Q2 across all geographical regions – poor visibility on an H2 uptick - ...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.