Serge Ferrari : 2023 results in line with expectations
>EBIT of € 11.3m (vs € 10m est.) or an EBIT margin of 3.4% (vs 3%e) - Serge Ferrari’s FY 2023 results, reported yesterday evening, were in line with expectations. On already-reported sales of € 327.6m, down 3.3% (-6.8% l-f-l), EBIT came in at € 11.3m (vs € 10m est.) or an EBIT margin down a sharp 400bp, at 3.4% (vs 3%e). Net income, meanwhile, came in at € 4.7m (vs € 6.5m est.). The group will propose a dividend of € 0.12 per share at its upcoming AGM. Ma...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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