SMCP : Q1 revenue below forecasts - Operational challenges remain the same - Still no full-year guidance
>Commercial momentum less favourable in France and China - SMCP has reported Q1 sales of € 287m, down -5.8%, on reported terms of which -5.0% organic, below our forecast (-1.4e%) By geographic region: France (33% of sales): down -7.4% lower organic than expected (-5.0%e) impacted by a tough comparison base with relatively unfavourable commercial momentum in line with Q4 2023 (-6.7% organic) EMEA (32% of sales) stable at +0.1% on an organic basis, bett...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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