Somfy : Publication contained no surprises
>Q3 sales in line - Somfy reported its Q3 2022 sales yesterday evening. This is in line with our expectations, including in terms of organic growth (-1%), which is unchanged from Q2 (0%). After a poor July, sales recovered in August and September was neutral/positive.Overall, the group has been penalised since the spring from sluggish end-demand (leading to high inventories at customers), a situation compensated by price increases (to protect margins from the inf...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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