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

1 director bought

A director at Serge Ferrari Group bought 7,800 shares at 5.001EUR 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 ...

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...

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. ...

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...

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 : 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...

Jeremy Garnier

Serge Ferrari : CA T4 légèrement en dessous de notre attente, rentabilité attendue en baisse – OC abaissé à 8 € (vs 9 €)

>CA T4 de 46.7 M€ (vs 48.3 M€e) : +5.9% yoy, dont +6.7% lfl - Serge Ferrari a publié hier soir un CA T4 légèrement en dessous de notre attente à 46.7 M€ (vs 48.3 M€e) soit une croissance de 5.9% dont 6.7% en organique (effet volume de 6% et effet prix de 0.7%) et un effet devise négatif de 0.8%. L’activité a été impactée par des problématiques d’approvisionnement en matières premières chez un sous-traitant qui ont causé un décalage de ventes sur janvier 2019 pour un m...

Jeremy Garnier

Serge Ferrari : CA T3 légèrement en dessous de notre attente – Guidance maintenue

>CA T3 de 41.6 M€ (vs 42.9 M€e) en croissance de 6.3% (+4.2% lfl) - Au titre du T3, Serge Ferrari a publié un chiffre d’affaires de 41.6 M€ (+6.3%) en dessous de notre attente de 42.9 M€e (+9.6%e). La croissance organique ressort à 4.2% alors que l’effet devises reste négatif (-1%). Sur 9 mois, le CA atteint 138.2 M€ en croissance de 7.9% (+3.9% lfl).Un bon effet prix mais des volumes qui peinent à décoller - Suite au communiqué et à la conférence tél...

1 director bought

A director at Serge Ferrari Group bought 7,800 shares at 5.001EUR 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 ...

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

...

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

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

...

Aurelien Sivignon ...
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Michael Foundoukidis
  • Nicolas David
  • Salma Bouraoui
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 10/26/2018 Date Performance since listing Date Performance since listing

...

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