Showroomprive : 2023 results slightly above our expectations
>2023 sales of € 677.2m (vs € 675m est.) / EBITDA of € 23.6m (vs € 20m est.) - Yesterday evening SRP group reported its 2023 results which came in slightly ahead of our expectations. On sales of € 677.2m (vs € 675m est.) up 3% (+1.3% excluding the The Bradery scope effect), pointing to Q4 sales of € 203.2m (-3.8%), EBITDA came to € 23.6m (vs € 20m est.), up 21.1%. Underlying operating profit came to € 8.1m (vs € 3.5m est.) giving a margin of 1.2%. Attributable net pr...SRP Groupe SA. SRP Groupe SA is a France-based company, which is a parent of fashion-engaged subsidiary Showroomprive.com SARL. Showroomprive.com SARL operates an Internet discount store. The Company runs exclusive members only private sales featuring ready-to-wear for men, women and children, fashion accessories, lingerie, beauty products, homeware as well as other products, such as toys and home decoration. It offers various brands of fashion clothing and accessory items. The Company operates an English, Spanish, Italian, Portuguese, Dutch and German version of its French retail site and offers the same products in these countries.
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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