Report
Aurelien Sivignon

SES - imagotag : Feedback roadshow: (rapid) rollout timeframe with Walmart materialising before new strategic plan which will likely be announced in Q4

>Target price lifted to € 113 after a roadshow with management. Outperform recommendation confirmed - This week we organised two days of digital road show with SES-imagotag, which was represented by Thierry Gadou (chairman and CEO) and Thierry Lemaître (CFO). We found management’s tone very upbeat with regard to the business prospects, especially in Europe and the US, in a context of inflation which urges retailers to accelerate their digitalisation. We also noted a r...
Underlying
SES-imagotag SA

Ses Imagotag SA Formerly known as Ses-Imagotag SA. Ses Imagotag SA is a France-based company, which designs and markets electronic shelf labeling systems for food and non-food retail industries. The Company's solutions include store electronic systems (SES), electronic labels, software, radio and mounting systems. The Company's solutions are designed for every type of retail environment, including hypermarkets, supermarkets, electronics stores, garden centers, pharmacies and service stations. The Company's products are distributed in approximately 50 countries worldwide. Ses Imagotag SA's main clients include Intermarche, E. Leclerc, Monoprix, Groupe Casino, Carrefour and Auchan. The Company has a global presence, through its own subsidiaries and representations, in Italy, Spain, the United Kingdom, Scandinavia, Canada, Mexico and Singapore, as well as more than 60 international partners. It operates through imagotag GmbH, a manufacturer of electronic components.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Aurelien Sivignon

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