Serge Ferrari : H1 results largely undermined by costs for Transform 2025 plan
>H1 EBIT of € 8.8m (vs € 9.0m est.), i.e. an EBIT margin of 5.4% / negative net income of -€ 8.8m - Serge Ferrari’s H1 2024 results, reported yesterday, were in line with our forecasts at the EBIT level but lower for net income. On already-reported revenues of € 161.9m, with negative growth of 7.8% (-7.6% l-f-l), EBIT came in at € 8.8m (vs € 8m est.), i.e. EBIT down 70bp at 5.4%. After taking account of costs related to restructuring and to external growth transaction...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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