SES - imagotag : Sharp pick-up in Q3 2020!
>Q3 revenues up 46% to € 73.4m (vs € 52.3m est.) - SES-imagotag reported Q3 revenues well ahead of our expectations: € 73.4m, up 46%, compared to our estimate at +2%, with higher leverage in Q4 than in Q3.The rebound was strong in International markets (87% of Q3): +82% to € 63.9m (vs. €44.2m est.). This growth is linked to the catch-up of certain delayed deployments during the first half of the year and, above all, to the strong order intake momentum seen in rec...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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