SMCP : Feedback from the H1 2020 conference call: nothing very new, the drivers of the case are the same both ways
>Key points in the conference call - SMCP held its post-H1 results conference call on Friday: The gross margin is under very strong pressure, and was down -480bp (vs -10bp in H1 2019) and the management said that the pressure will remain strong in H2. In the longer term, the group reasserted its goal of selling fewer articles at sale prices and views the period as exceptional. For our part, while we cannot deny that the pandemic is an exceptional event, we a...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.
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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