SMCP : Q1 sales a shade above expectations and guidance
>Q1 sales a shade higher than guidance and expectations - SMCP reported € 228.7m in Q1 sales, down 16.7%, of which -20.4% at constant currency (+0.5% forex effect and +3.7% from Fursac). We were anticipating € 220m, in line with consensus. When it released its FY results, the group gave guidance based on sales down by just over 20% on a reported basis. Beyond this slight outperformance in Q1, the toughest part is still to come in Q2.France - (37% of sales and or...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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