Report
Geoffroy Michalet

SMCP : Le pire sera évité mais l’impact COVID-19 sera sévère

>Les éléments clés de la confcall post résultats FY 2019 - Commentaire sur la réaction du titre hier: le titre a pris 14.6% hier, au-delà d’un effet de base favorable, cela tient selon nous au fait que la société a rassuré sur sa position de position de cash : ayant tiré sur son RCF, elle possède désormais plus de 200 M€ de cash sur son bilan au 17 mars (contre 50 M€ en moyenne sur l’année)Shandong Ruyi (actionnaire majoritaire chinois), en difficulté financière,...
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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