Report
Geoffroy Michalet

SMCP : CA T1 en dessous de nos attentes - Les enjeux opérationnels restent les mêmes – Toujours pas de guidance annuelle

>Dynamique commerciale dépréciée en France et en Chine - Au titre de son T1, SMCP publie un CA de 287 M€, en recul de 5.8% en données publiées dont -5.0% en organique, inférieur à notre attente (-1.4e%). Par zone géographique : France (33% du CA) : en baisse de 7.4% en organique plus faible qu’attendu (-5.0%e) impactée par une base de comparaison difficile avec une dynamique commerciale peu favorable dans la lignée du T4 2023 (-6.7% en organique). §rc...
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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