Report
Aurelien Sivignon

SES - imagotag : Feedback conference call : visibilité encore restreinte à CT mais confiance affichée dans les perspectives – Opinion Achat réitérée

>Principaux points à retenir : vers un S2 meilleur sur le plan opérationnel, le BFR devrait progressivement se normaliser - SES-imagotag a publié mercredi soir des résultats S1 en baisse (EBIT -9.6 M€ - cf. notre flash d’hier), notamment impactés par une détérioration de la marge sur coûts variable et un BFR sous pression. Ci-dessous les principaux éléments que nous retenons de la conférence call tenue hier soir avec le management :Avec une variation négative de...
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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