SMCP : Q3 preview: confidence reiterated over operating outlook, analysis of recent events weighing on the stock
>No concerns over our Q3 estimates … - Fursac (€ 3m estimated in Q3) excluded, we expect sales to work out at € 271m, up 9.4%, of which +8.6% organically. Factoring in a 0.8% positive forex effect tied mainly to the US dollar and the Canadian dollar, we are confident over the group’s key regions, i/ France (33% of Q3 sales) with a temporarily high number of stores in H1, coupled with a good start to the winter collection ii/ APAC (21% du CA T3), despite Hong Kong (4% ...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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