SMCP : Q3 revenues in line with expectations-still awaiting update on ownership structure
>Q3 up sequentially: Good momentum excluding China - For Q3, SMCP reported sales of € 293m (vs. ODDO BHF: € 292m; consensus € 291m), inching down 0.8%, of which -0.9% organically, slightly below our expectations and consensus (vs. ODDO BHF: -0.6%; consensus -0.3%), with a slight sequential improvement (-2.3% in Q2 and -5.1% in Q1). Over 9 months, sales came in at € 878m, down 2.7% on an organic basis. Excluding China, organic sales growth was 1.4%. By region: §rc...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.