Report
Aurelien Sivignon

VusionGroup : The US should drive growth in 2024, expected to be stronger in H2 than H1

>A clear ramp-up in the US in 2024, offsetting a more challenging base effect in Europe - SES-imagotag has been renamed VusionGroup (change approved at the AGM of 23 June 2023). Although Europe is set to continue to grow in 2024 but is facing a tougher comparison base (notably due to the Lidl roll-out), the US is expected to post very strong growth, and as of 2024 should be the main contributing country to the group’s revenues. This is notably thanks to the WMT roll-...
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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