Report
Aurelien Sivignon

SES - imagotag : Stellar order intake, confirming the prospect of sharp upswing in sales as early as 2021, target price lifted to € 36.5 vs € 28.5

>Record order intake in Q4, strong momentum set to continue into 2021 - In a business update published yesterday evening, SES-imagotag reported a very significant rebound in order intake during the fourth quarter. Order intake is expected represent € 160-200m in Q4. The previous record order intake for the quarter was € 119m in Q4 2019 but was mainly driven by a single contract ($ 100m with a US retailer). In this case, a number of major contracts have been signed in ...
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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