SES - imagotag : COVID-19 dims sales outlook for 2020
>Full-year results shy of our forecasts / generated cash flow nevertheless a source of satisfaction - SES-imagotag reported its 2019 results yesterday. They were lower than our expectations. From the press release and the conference call, we retain the following elements:On sales of € 247.6m (already reported: +32% y-o-y), the margin on variable costs came to € 59.5m i.e. a margin of 20.4% (vs 21.7% est.) vs 25.9% in 2018. The margin on variable costs was therefo...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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