SES - imagotag : Strong momentum in order intake in Q2 – Rebound confirmed in H2
>H1 sales slightly down - SES-imagotag publishes Q2 revenues slightly higher than the range communicated during its trading update at the end of May (range of € 60-65m). From the release and the conference call, we note: Q2 revenue dropped -2% y-o-y to € 67.5m (vs € 62.5m est.), i.e. a rather marked improvement in sequential terms (+33%). It should be noted that Q1 facilities suffered greatly from production problems in China. International sales (88% of Q2...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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