SMCP : Twin negative effect: 1/ profit warning from SMCP + 2/ additional negative signal from shareholder Ruyi about its indebtedness
>Profit warning from SMCP: a negative surprise - On Friday morning, SMCP issued a press release flagging a profit warning for the current year. The company held a conference call at 9 a.m. CET that very morning to provide some explanations. We took part. The new EBITDA guidance has been revised down: between 15.5% and 16.0% vs stability (16.9%) previously. We are now basing our estimates on the lower end of the range, i.e. 15.5% (our previous forecast was for 17....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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