SES - imagotag : London road-show feedback (CFO): confidence to significantly improve near-term profitability despite VAS mix stagnation
>The VAS mix is set to stagnate until 2024 - After H1 2023 sales up 33%, SESL confirmed the target of € 800m over the full year (i.e. +29%) while the book-to-bill remained solid (>1.3x in Q2). Nevertheless, the evolution of the VAS mix raised questions: it represented 14% of H1 sales (-1.8 pt y-o-y) i.e. +18% y-o-y (incl. In the memory) against +36% for ESLs. Management mentioned a different sales cycle for VAS and Captana in particular, requiring more guidance and ...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.