SMCP : Q3 set to show the same trends as Q2, pending progress on the transfer of Dynamic Treasure Group shares
>Q3: organic growth still negative, but a sequential improvement, at -0.6% - For Q3, we believe that SMCP is set to report a slight organic decrease in Q3 sales (-0.6%), which would represent a slight sequential improvement (-2.3% in Q2 and -5.1% in Q1), but with a less demanding base effect (-1.9% in Q3 2023 vs 9.0% in Q2 2023 and 6.7% in Q1 2023). In short, despite a much more favourable base effect, consolidated momentum is slowing, due mainly to the Asia region (C...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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