Serge Ferrari : Q1 revenues in line with our expectations, COVID-19 impact expected to be stronger in Q2
>Q1 revenues at € 42.5m, down 8% (-8.4% LFL) - Serge Ferrari reported yesterday evening Q1 2020 revenues down 8% YOY to € 42.5m, close to our estimate at € 42m (-9% YOY). Revenues were down 8.4% organically, of which a -0.2% price-mix effect and a -8.2% volume effect. The decline in the group's revenues is firstly linked to the impact from the Tour du Pin fire in December 2019 (-€ 4m est., recovering since 23 January) and secondly to a sharp slowdown since mid-March f...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.
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