Serge Ferrari : Q3 revenues slightly lower than we expected
>Q3 revenues at € 72.2m (vs € 75.2m est.), inching down 1.1% - Serge Ferrari reported yesterday evening € 72.2m in Q3 revenues, down 1.1%, a tad below our estimate at € 75.2m (+3% est.). The quarterly trend is made up of a forex effect of -0.7%, a consolidation effect of 0.2% and an organic decline of 0.6%. Over 9 months, revenues came in at € 233.8m, down 5.9% (-5.6% LfL).First signs of improvement, particularly in Europe, but no solid rebound yet - §sep...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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