Showroomprive : Sharp upturn in Q2 sales, margins improvement confirmed, capital hike under way, Neutral vs Reduce
>H1 sales stable at € 302.7m, EBITDA positive at € 7m - SRP reported this morning final H1 2020 results. H1 sales stood at € 302.7m. After a sharp decline in Q1 (-19.8%), Q2 marked a strong rebound in sales from April onwards during the lockdown period (Q2: +20%). EBITDA returned to positive territory at € 7m thanks to a strong increase in gross margin (37% vs. 29.4% in H1 2019) and better management of operating costs. Attributable net profit remained negative at -€ ...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.
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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