Report
Geoffroy Michalet

SMCP : Preview T3 : confiance réitérée dans l’opérationnel et analyse des évènements récents qui pèsent sur le titre

>Notre estimation pour le T3 : pas d’inquiétude… - Hors de Fursac (3 M€ estimé sur le T3) nous anticipons un CA de 271 M€, soit une croissance de +9.4% dont +8.6% en organique. Les devises en soutien (+0.8% sur le trimestre USD et CAD principalement), nous sommes confiants sur les deux zones clés, i/ la France (33% CA T3) avec le nombre de magasins temporairement élevé au S1 couplé au bon début de collection hiver et ii/ la zone APAC (21% du CA T3) qui, malgré Hong Ko...
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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