Somfy : Limited COVID impact on 2020 results confirmed
>Very good management of the COVID crisis in H1, results with no major surprises compared to our expectations - Somfy published its H1 2020 results yesterday evening. They contained no great surprises compared to our expectations and were much better than what management expected in mid-April at the height of the COVID crisis.Based on sales reported in July and down 7% organically (-16% in Q2 and +3% in Q1), underlying operating profit decreased by only 11% to € ...Somfy SA is a France-based company engaged in the design, manufacture and development of controls for openings and closures of homes and commercial buildings. The Company's range of products include automatic controls for awnings, rolling shutters, storefront grills, garage doors and gates, motors and controls for roller shutters and curtains, venetian blinds and all interior window coverings and decoration, alarm systems and for protecting large utility facilities. It has operations in France, Germany, Greece, Romania, Italy, Middle East, Asia Pacific, and the United States, among others.The Company operates through Garen Automacao, Neocontrol Solucoes em Automacao SA and MyFox, among others. It joins venture with iHome in South East Asia.
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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