Showroomprive : Q3 2024 slightly below our expectations. Recovery expected in 2025 but visibility still lacking
>Q3 sales of € 128.7m (vs € 136.8m est.), down 5.1% - SRP yesterday evening reported Q3 sales that fell short of our estimate at € 128.7m (vs € 136.8m est.), showing a more marked fall than expected of 7.9% (vs -2%e). In the first 9 months, sales came to € 446.7m, down 5.1%. Event sales still slowing in France whereas international markets are showing better resilience - After H1 sales were down by 4% in a lacklustre consumer spending environment (w...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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