(CercleFinance.com) – SES-imagotag, the world leader in electronic tags, lost 1.2% this Friday on the Paris Stock Exchange, suffering some profit taking which did not prevent it from posting an impressive stock market surge of 63 % over the whole of 2022.
The title of the specialist in digital solutions for physical commerce has continued to establish new all-time highs on the stock market this year, thanks to solid financial results and new contract wins.
The company was notably chosen, at the start of the year, by the American distribution giant Walmart, to which it will supply smart tags that can be connected, via a large-scale ‘cloud’ system, to hundreds of millions of devices. .
Analysts argue that the activity of SES-imagotag is part of the extension of a real underlying trend initiated since the health crisis, namely that of the digitalization of the store.
Backed by a comfortable order book, the group also unveiled in November a new strategic plan for 2027 showing an ambitious objective of 2.2 billion euros in revenue within five years, compare with 423 million euros of turnover last year.
‘This strategic plan seems to us quite achievable and should allow SES-imagotag to significantly change size… and capitalisation’, assures Louis-Marie de Sade, analyst at EuroLand.
In less than two years, that is to say since the end of 2020, the company’s market valuation has already tripled.
A career rewarded by the recent entry of the title into the SBF 120 index, one of the main indices of the Paris Stock Exchange which includes the top 120 stocks listed on Euronext Paris in terms of liquidity and market capitalization.
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