Report
Jeremy Garnier

Showroomprive : Q1 2020 plunges, Q2 seems to be off to a better start

>Q1 sales at € 118.2m, down19.8% - SRP Groupe reported yesterday its Q1 sales, which came in at € 118.2m, a shade below our expectations (€ 125m est.), down 19.8%.Sales plummet in Q1, stronger momentum since April / Balance sheet bolstered - Q1 sales dropped sharply, in line with FY 2019. A large part of the decline comes from the group's strategic decisions with a strong focus on the most profitable businesses. The offering was indeed slimmed down in...
Underlying
SHOWROOMPRIVE

SRP Groupe SA. SRP Groupe SA is a France-based company, which is a parent of fashion-engaged subsidiary Showroomprive.com SARL. Showroomprive.com SARL operates an Internet discount store. The Company runs exclusive members only private sales featuring ready-to-wear for men, women and children, fashion accessories, lingerie, beauty products, homeware as well as other products, such as toys and home decoration. It offers various brands of fashion clothing and accessory items. The Company operates an English, Spanish, Italian, Portuguese, Dutch and German version of its French retail site and offers the same products in these countries.

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
Jeremy Garnier

Other Reports on these Companies
Other Reports from Oddo BHF
Matthias Desmarais
Other Reports from these Analysts

ResearchPool Subscriptions

Get the most out of your insights

Get in touch