(CercleFinance.com) – SES-imagotag was sanctioned on the stock market this Friday after reporting a slowdown in its growth in the third quarter, penalized by an economic context deemed ‘difficult’.
After publishing a turnover of strong growth of 33% over the first six months of the year, the electronic label specialist announced yesterday evening a turnover of 182 million euros for the third quarter, almost stable from one year to the next (+0.4%).
Despite everything, this is the best 3rd quarter achieved by the group from a historical point of view.
In its press release, the company explains that it has suffered from a ‘particularly difficult’ global economic situation for commerce, due to high inflation, falling consumption volumes and margins under strong pressure.
Euroland Corporate analysts are talking this morning about a ‘logical and temporary slowdown’ in growth, given the tough economic situation and unfavorable technical effects.
SES-imagotag also declares itself to be on track to achieve its objective of a turnover of 800 million euros this year, driven by an expected strong increase in activity in the 4th quarter.
The company is therefore targeting a turnover of around 240 million euros over the last three months of the year, representing growth of more than 50% over one year.
It also expects a further increase in its profitability in the second half.
For the year 2024, the group says it anticipates continued strong growth due, in particular, to the acceleration of its activity in the United States.
On the Paris Stock Exchange, its action dropped more than 5% in early trading, marking one of the biggest drops in the SBF 120.
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