SMCP : Postview: a few fresh details, our forecasts lowered
>Further details from the conference call - Following yesterday's conference call, we listed key useful details that were not in the press release:The cash position at the end of Q1 stood at over € 200m, and management earmarked the amount for 1/ the repayment of commercial papers and 2/ cash burn, knowing management sees the amount as sufficient. On the financing front, the company is weighing the possibility of taking out a government-guaranteed loan, whic...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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