Report
Geoffroy Michalet

SMCP : Feedback confcall S1 2020 : rien de très nouveaux, les drivers du dossier restent les mêmes dans un sens comme dans l’autre

>Eléments clés du call - SMCP a tenu sa conférence téléphonique post RN S1 2020 vendredi: La marge brute sous très haute pression, en baisse de -480 pb (vs -10 pb au S1 2019) et le management indique que la pression restera très forte sur le S2. A plus long terme, l’objectif réaffirmé du groupe reste de vendre moins d’articles soldés et considère la période comme exceptionnelle. Pour notre part, si nous ne pouvons nier le caractère exceptionnel de la pandémi...
Underlying
SMCP SA

SMCP is engaged in the apparel and accessories retail market. Co.'s products are sold through a network of points of sale and websites. Co.'s product range is composed of on-trend and quality womenswear, menswear and accessories. Co.'s three brands can be characterized as follows: Sandro, targeted at sophisticated and self-confident women with a sleek, cool sense of style and a Parisian nonchalance; Maje, a bohemian chic positioning, targeting a feminine and young-at-heart and joie de vivre clientele and Claudie Pierlot, characterized as Parisian-preppy, wise and with a rebel touch. Claudie Pierlot is focused on a timeless, effortless style.

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
Geoffroy Michalet

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