Serge Ferrari Group SAS

Sergeferrari Group SAS is a France-based company, which produces flexible composite materials. It designs and produces such products as performance building materials (tensile architecture, bioclimatic facade, solar protection and acoustic solutions), advanced materials (modular structures, agro-energy and environmental protection) and design & outdoor materials (yachting protection, contract and outdoor furniture, awnings and canopies, visual communication and ecolodge). Beyond products, Sergeferrari Group SAS is also committed to providing support to its customers, skilled technical resources supporting customers, application advice aiming at specified sales and suitable technical documents, by providing training to customers. It operates through Giofex.
  • TickerSEFER
  • ISINFR0011950682
  • ExchangeEuronext Paris
  • SectorConstruction & Materials
  • CountryFrance

Analysts

Florian Béchaz

SergeFerrari Group - Assemblée Générale des actionnaires du 16 mai 2019

En termes de gouvernance, l’absence de séparation des fonctions de Président et Directeur Général mais aussi l’existence d’un droit de vote double ne nous semblent pas acceptables. Nous tenons à attirer l’attention des actionnaires sur les conventions réglementées. En effet, certaines conventions ne sont pas soumises au vote et ne sont présentées que dans des parties annexes du rapport annuel de la société. Proxinvest trouve cela étonnant au regard des montants en jeu, que la société n'indique pas ces conventions dans son rapport spécial (résolution 4). Par ailleurs, nous ne pourrons souteni...

1 director bought

A director at Serge Ferrari Group bought 6,000 shares at 5.998EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

Alain William ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Hana Maalej
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Laurence Hofmann
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 04/26/2019

...

Alain William ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Hana Maalej
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Laurence Hofmann
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 26/04/2019

...

Jeremy Garnier

Serge Ferrari : Good dynamic in Q1 – more favourable momentum and attractive entry point, Buy vs Neutral

>Q1 sales of € 46.2m, up 5.6% (+5.2% l-f-l) - Yesterday evening Serge Ferrari reported Q1 sales a shade higher than our expectations. They came in at € 46.2m (vs € 45.9m estimated), up 5.6% (vs +5% est.). Organic growth totalled 5.2%, consisting of a price-mix effect of +2.2% and a volumes effect of +3%. This pace of growth was boosted by a currency effect (+0.4%), thanks in particular to the dollar.Group's growth driven by Asia-Pacific over the quarter - ...

Jeremy Garnier

Serge Ferrari : Good dynamic in Q1 – more favourable momentum and attractive entry point, Buy vs Neutral

>Q1 sales of € 46.2m, up 5.6% (+5.2% l-f-l) - Yesterday evening Serge Ferrari reported Q1 sales a shade higher than our expectations. They came in at € 46.2m (vs € 45.9m estimated), up 5.6% (vs +5% est.). Organic growth totalled 5.2%, consisting of a price-mix effect of +2.2% and a volumes effect of +3%. This pace of growth was boosted by a currency effect (+0.4%), thanks in particular to the dollar.Group's growth driven by Asia-Pacific over the quarter - ...

Jeremy Garnier

Serge Ferrari : Bonne dynamique au T1 – Momentum plus favorable et point d’entrée intéressant, Achat vs Neutre

>CA T1 de 46.2 M€ en croissance de 5.6% (+5.2% lfl) - Serge Ferrari a publié hier soir un CA T1 légèrement supérieur à notre attente. Il ressort à 46.2 M€ (vs. 45.9 M€e) en croissance de 5.6% (vs +5%e). La croissance organique s’élève à 5.2% et se compose d’un effet mix-prix de +2.2% et d’un effet volume de +3%. L’effet devises vient compléter cette croissance (+0.4%) grâce notamment au dollar.La zone Asie-Pacifique tire la croissance du groupe sur le tri...

Jeremy Garnier

Serge Ferrari : As expected, profitability slumped in 2018

>Underlying operating profit at € 2.8m (vs € 4.6m estimated), operating margin at 1.5%, down 190bp - After the group reported € 184.9m in full-year revenues, up 7.4% (+4.6% LFL), the underlying operating profit came in at € 2.8m, missing our estimate at € 4.6m due to € 2.1m in one-offs included in the underlying operating profit under IFRS, while we were anticipating lower one-offs. This implies an underlying operating margin of 1.5%, marking a sharp plunge of 190bp. ...

Jeremy Garnier

Serge Ferrari : Dégradation de la rentabilité 2018 comme attendu

>ROC de 2.8 M€ (vs 4.6 M€e), Mop de 1.5% (-190 pb) - Après la publication d’un CA annuel de 184.9 M€ en croissance de 7.4% (+4.6% lfl), le ROC ressort à 2.8 M€ en dessous de notre attente de 4.6 M€e du fait d’éléments non récurrents (2.1 M€) inclus dans le ROC en normes IFRS alors que nous les avions positionnés en dessous de celui-ci. La MOC s’élève donc à 1.5% marquant une forte dégradation de 190 pb. Enfin le RNpg passe en territoire négatif à -0.1 M€ cette fois ci...

Jeremy Garnier

Serge Ferrari : Q4 sales slightly below our forecasts, profitability forecast to decline - target price cut to € 8 (vs € 9)

>Q4 sales of € 46.7m (vs € 48.3m est.): +5.9% y-o-y, of which +6.7% l-f-l - Serge Ferrari yesterday evening reported Q4 sales slightly lower than our forecast at € 46.7m (vs € 48.3me), i.e. growth of 5.9%, with organic growth of 6.7% (volume effect of 6% and price effect of 0.7%) and a negative currency effect of -0.8%. The top line was impacted by raw material supply problems at a subcontractor which led to sales deferrals to January 2019 to the tune of € 1me. For th...

1 director bought

A director at Serge Ferrari Group bought 6,000 shares at 5.998EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

Alain William ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Hana Maalej
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Laurence Hofmann
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 04/26/2019

...

Alain William ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Hana Maalej
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Laurence Hofmann
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 26/04/2019

...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 03/08/2019 Date Performance since listing Date Performance since listing

Sixt Leasing, an independent player in the German vehicle leasing and fleet management market, stands out for its strong momentum in the online retail and fleet management segments and its capacity to handle the diesel risk effectively. These strengths should pave the way for buoyant growth over the coming years (2018-2021e CAGR of +8% for revenue and 15% for pre-tax profit) and a rerating of the stock (target price € 18.1, i.e. 34% upside). We are initiating coverage of the stock wit...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 08/03/2019

Sixt Leasing, acteur indépendant du marché allemand du leasing de véhicules et de gestion de flottes, se distingue par sa forte dynamique sur les segments Online Retail et Fleet Management, ainsi que par sa capacité à gérer efficacement le risque diesel. Ces atouts se traduiront par une croissance soutenue sur les prochaines années (TMVA18-21e CA : +8% ; RCAI : 15%) et par une revalorisation du titre (OC 18.1 €, soit un potentiel de 34%). Nous initions la couverture avec une opinion A...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Nicolas David
  • Rémi Adam
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 01/31/2019

...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Florian Béchaz

SergeFerrari Group - Assemblée Générale des actionnaires du 16 mai 2019

En termes de gouvernance, l’absence de séparation des fonctions de Président et Directeur Général mais aussi l’existence d’un droit de vote double ne nous semblent pas acceptables. Nous tenons à attirer l’attention des actionnaires sur les conventions réglementées. En effet, certaines conventions ne sont pas soumises au vote et ne sont présentées que dans des parties annexes du rapport annuel de la société. Proxinvest trouve cela étonnant au regard des montants en jeu, que la société n'indique pas ces conventions dans son rapport spécial (résolution 4). Par ailleurs, nous ne pourrons souteni...

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