SES - imagotag : US market set to take over as top-line driver from Q4
>Slower momentum in Q3, as expected - SESL reported yesterday after trading Q3 2023 sales of € 183m, flat relative to the same period in 2022, versus our estimate for € 194m (+7% y-o-y). Back in September, management had announced that seasonal factors would come into play in H2, weighted towards Q4. It turns out that the seasonal swing was stronger than we had expected but does not undermine full-year guidance, which we actually think will be marginally exceeded. Ni...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.
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