SMCP : No big surprises, just a few extra details...with indications on year-end Investor Day
>Q2 marks the low point of the year - A 47% organic decline, marking the low point of the year: the improvement was visible throughout the quarter, with April at -70%, May at the quarter with -70% in April, -45% in may and June at -30%. Management said it expected the trend to continue in July In the same vein, only 20% of directly operated stores (DOS) were open at the end of April, 70% at the end of May, 97% at the end of June and 99% at the end of July.In Chin...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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